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Post by account_disabled on Oct 30, 2023 20:39:05 GMT 14
Time series forecast It is a method of analyzing past data to then use it to predict future results. You can use the KPIs we wrote about in this article for this purpose . Advantages of sales forecasting in e-commerce Why is it worth using a sales forecast? Here are some reasons: They facilitate the achievement of set strategic goals; Better organization of operations by increasing product availability, accelerating order processing time, higher quality of service translates into customer satisfaction and building his loyalty to our company. Customer satisfaction and better organization also contribute to higher revenues; Identifying and understanding customer philippines photo editor behavior; Selecting an effective pricing strategy - setting a price level that will be appropriate for the target group; Control of changes taking place on the market allows for faster reaction and making good business decisions; Effective team management - examining employee commitment and satisfaction, identifying their needs will enable them to create conditions for more effective work and development. Additionally, it can reduce costs recruiting and employing a candidate is much more expensive than training those already employed . Disadvantages of e-commerce sales forecasting In turn. What obstacles do you have to take into account if you want to conduct such an analysis? Insufficient data or incomplete data - if you are just starting your business, you will not be able to make a reliable forecast of sales results, taking into account a long enough period. You can analyze your macro-environment, competition, etc., but keep in mind that without your own data, the results may not be fully objective.
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