What is demand planning and how does it benefit your retail business? Here is everything you need to know. If your customers want a product, but you don’t have it, they will buy it somewhere else, and you lose money. If you have an ample supply of a product that nobody wants to purchase, you get stuck with the products, and you lose money. Here are the statistics to back up the importance of demand planning in retail: 65% of retailers consistently run out of stock of in-demand, fast-moving products. Also, 63% overstock and end up with too much inventory of slow-moving products. It gets worse. According to reports, out-of-stock retail items account for $634 billion in lost sales every year. Overstocks...