How Do I Calculate Lost Sales From A Stockout?
Q: Thanks for the Wonderful Book “Fundamentals of Demand Planning & Forecasting”. Is there any best proven and Industry accepted model/algorithm to calculate sales loss? For example, the actual sale duration for an item is from 7 am to 10.30 pm every day. But if an item is sold out at 6 pm, how do … Continue reading How Do I Calculate Lost Sales From A Stockout?
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