Paper Title
INVENTORY CORRECTION AND FORECAST TUNING FOR 3 PILOT STORES AT BOOTS, UAE

Abstract
Abstract - Demand forecasting becomes very challenging in this scenario when the system and physical stock doesn’t match. This has a ripple effect on stock ordering, stock allocation and manual efforts to check the physical stocks for store planograms. Stock misalignment and forecast accuracy are causing higher order cost and increased manual work within in the brand even after going live with new solution. Alignment meeting with new stock take firm and providing them a clear expectation of the desired output. Perform stock take activity for 3 Pilot stores (by end of this year). Ensure physical stock and system stock matches. Correct the MDQ (Minimum Display Quantities) and demand forecast by identifying exceptions and change the system parameters if required. Correction is done by understanding the existing forecasting models (Croston & Lewandowski). Stock alignment and Improving forecast accuracy of certain range of skin care products. Upon completion of the above methodology, we expect that the physical stock and the stock in the system will be more accurate. Demand forecasting parameters will be aligned, which will better lead us with better outputs for the upcoming year. Keywords - Stock Take, MDQ, Forecasting Models, Forecast