Use historical sales data and market trends to predict demand accurately. Utilize inventory management software to keep track of stock levels in real time. This helps identify slow-moving items and adjust purchasing decisions accordingly. Plan for seasonal changes by adjusting stock levels and marketing efforts in advance.

To manage seasonal demand changes and avoid excess inventory: 1. Accurate Forecasting: I use historical sales data and statistical analysis to predict seasonal demand shifts and adjust inventory accordingly. 2. Just-in-Time Ordering: In my career, I’ve implemented just-in-time systems to align stock with actual demand, reducing excess inventory. 3. Supplier Collaboration: I negotiate flexible terms with suppliers, such as smaller order quantities or quicker returns, to adjust during low-demand periods. These strategies help control costs while meeting seasonal demand effectively.

Need to gather past sales/consumed data to identify seasonal patterns and trends for the future. additionally, gather information about industry trends, economic conditions, location and consumer behavior and make a plan accordingly. minimize inventory level by just in time, calculate the safety stock as per sales pattern. Promote complementary products to increase sales during off-peak seasons.