Product Shipping Prioritization
When COVID-19 hit, were your products flying off the shelves? Were you able to forecast your inventory needs and deliver packages on time?
For many businesses, the pandemic dramatically increased sales volume. While this was a positive outcome, supply chain activities became difficult to maintain. Inventory was dwindling and many packages were shipped and delivered late. With customer lifetime value metrics, companies were able to predict purchases with greater accuracy, prioritize shipments, and ultimately better satisfy their most valuable customer during a chaotic time.
Of course, this strategy doesn’t exclusively apply to COVID-19. Supply chain management is not an easy task at any time. Retina can simplify the forecasting process by identifying the most valuable customers and recognizing patterns in their purchasing behavior.