Dec
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overstock.com
Posted by: Janna Chi | December 2, 2010 | Leave a Comment
If you want to buy discount products online, Overstock.com is a good choice. The idea behind this website is in its name, overstock. Companies which have surplus products can sell to Overstock.com. Nowadays, Overstock.com is expanding their business and becoming more and more popular. The reason for the expansion for the company is because plenty of companies do not do a good forecast before they produce or purchase products. For example, a new company which has no prior sales or production data to rely on will find it difficult to do forecasting while a company selling the same product over the years can have realistic sales forecast to guide their production. Yet, even for a company that has been in business for many years, if it introduces a new product, they usually do their forecast based on the old products, and such forecast may not be too accurate. In most cases, forecast is only a guess work. Nonetheless, companies cannot produce without forecasting. Therefore, it is very important to have a good forecasting team. The existence and success of Overstock.com prove that many companies lack a good forecasting team. Having accurate forecast is especially important any industry that depends on trends and styles, like the fashion industry. If a company fails in forecasting, it may lead to overstocking problem and financial loss. When such company does not have a solid finance, it may even go bankrupt.
http://www.overstock.com/Home-Garden/Bedding-Bath/1/dept.html?cid=132977&kid=1472559