How can I effectively manage seasonal inventory?
An example of an AI chatbot conversation about handling seasonal inventory management.
How can I effectively manage seasonal inventory?
Managing seasonal inventory involves forecasting demand, optimizing stock levels, and planning promotions.
What strategies can I use to forecast demand for seasonal products?
You can analyze historical sales data, consider market trends, and use customer surveys to predict demand.
How do I decide when to order more stock?
Monitor your inventory levels regularly and set reorder points based on sales velocity and lead times.
What should I do with unsold seasonal inventory?
Consider discounting, bundling with other products, or donating to clear out unsold items.
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