Data Collection
The minimum amount of data needed for effective demand planning is information on transactions and sales over the past 3 years. This gives an idea of which items are seasonal and which are ad hoc and ad hoc. With Betonlogos company's tools, it's fairly easy to import sales history from spreadsheets, databases, ERP or accounting systems.
Demand Planning
Demand planning analyzes the data received and decides from which supplier and in what volume to purchase goods. The connection of the Betonlogos program allows a continuous analysis of demand and sales results.
Planning of deliveries
At this stage, they develop a plan for working with suppliers, plan the logistics of supply, calculate the budget, and forecast revenues. Based on these data and the final decision on the feasibility of further steps, key performance indicators are taken into account.
Marginality
While testing the demand, do not forget to calculate the margin of the goods. With an income of less than 30% cooperation will not be profitable.
Direct delivery orders
Study the demand for certain goods by analyzing the number of queries in search engines. After that, start looking for suppliers from whom you can buy high quality goods. It is important to the dropshipper that the merchandise that is supplied on behalf of your store and brand is of high quality, has certificates and warranties. Your customer needs to become your loyal customer, and in order to do that, they need to get not only high quality merchandise, but also quality service. When fulfilling direct-delivery orders, suppliers must be prepared for more orders and shipments.
Betonlogos company tools
If you choose demand generation tactics that don't respond to customer behavior but guide it, you can motivate customers to make purchases with the right marketing campaigns, promotions and special offers. In this case, demand planning is easier, you can act instantly and effectively. Betonlogos tools simplify testing processes with their precise prioritization of tasks to be performed.
Demand testing markedly improves the accuracy of business planning allowing retailers to effectively manage their product offerings, inventory levels and logistics solutions, significantly increasing profits.