Topic Marketing in Retail
Analysis of article 1
Article: Rocket Science Retailing
Article Link : http://hbswk.hbs.edu/item/rocket-science-retailing
Authors Marshall L. Fisher, Ananth Raman & Anna Sheen McClelland
Methodology a survey on 32 retail companies focusing on areas critical to rocket science retailing: forecasting; supply chain speed; inventory planning; and gathering accurate, available data
Objective Retailers need to take advantage of data for a new kind of retailing, one that combines the instinct & intuition of traditional systems with the prowess of information technology.
Key Findings
1 Forecast based on early sales: Early product sales help to predict the sales of the products and can be used to effectively despite proven