Optimizing Operational Efficiency with Forecasting
Forecasting inventory purchases is a daunting task for a business of any size. With so many variables, it can be hard to make the right choices and avoid exposing your company to financial risk. Luckily, BJ’s Business can help you with your forecasting needs. If you are a customer who consistently purchases a regular assortment of SKUs, we can help predict the inventory levels you might need to sustain a healthy business from an ordering standpoint.
Five Benefits of Forecasting with Us
Reduced Financial Risk
This is arguably the biggest benefit of forecasting your inventory with us. We do not charge a fee for our forecasting services and you are not obligated to make a single large purchase. Instead, you can create a more predictable buying pattern with more frequent, smaller orders when you need the product. This frees up valuable cash flow to keep your business running.
Operate More Efficiently
Forecasting is designed to help your business operate better. It can help you avoid the risks of carrying too much inventory at once and unnecessarily hurting your business. For example, you could take on financial risk and face lost opportunities by storing large quantities you don’t need: edible items could expire, resulting in excess costs and waste; and you may lack the space or funds to take advantage of timely discounts on products your customers want.
We want to help you avoid these risks by establishing regular, smaller orders to better fit your needs. We aim to tweak and adjust the inventory levels forecasted so that your needs will always be met.
Opportunities for Saving
Forecasting helps us glean personalized insights into your business operations; with those insights, we can recommend valuable savings opportunities. We can get as in-depth as you wish. Many of our customers provide their historic sales data; this allows us to look at their orders with us versus their sales of the products. With this level of access, we can operate as an extension of your planning and allocation team, and make recommendations for future inventory, order sizes, and timing, based on trends and history.
Inventory When You Need It
By forecasting your needs, we can make sure the products you need are available when you need them. When we create a forecast, we know that you plan to order inventory in a regular cadence and don’t have to wait for orders to be made by vendors and shipped to us. Instead, we’ll make sure that inventory is available and waiting for you in our distribution centers. With BJ’s Business, we can get you the products you need, when you need them — just in time for you and your customers.
Expertise on Your Side
At BJ’s Business, we care about growing your business. We have a large customer base, in a variety of verticals. A strong benefit of forecasting with us is tapping into our institutional knowledge. Our team works with many businesses like yours, and we have seen which products, quantities, and promotions work for them. We are always happy to recommend products that might be a good fit for your business to test, to promote your growth and enhance your profits.
Learn more about why BJ’s Business is a great fit for your business. If you’re an existing customer and would like to utilize our forecasting services, please reach out to your sales representative. If you’re not a customer yet, but would like to learn more,
contact us here or email us at bjsbusiness@bjs.com.
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