NARDA on Forecasting
North American Retail Dealers Association (NARDA) Executive Director Tom Drake admits that buying groups have a much closer relationship with retailers, when it comes to product forecasting. But Drake cited three NARDA resources that can help members with resources to improve their forecasting and inventory management skills.
1) NARDA University programs on enterprise planning and strategic planning, designed to guide dealers on their larger objectives in business planning.
2) NARDA Cost of Doing Business Survey, the most recent of which dates from 2005 and was completed in partnership with PARA. Data in the survey—concerning age of inventory and carrying costs, for example—can be used to benchmark forecasting and business planning, by geographic region and/or business model.