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How Does Black Friday Impact Your Budgeting, Forecasting and Planning?

  • 1.  How Does Black Friday Impact Your Budgeting, Forecasting and Planning?

    Venanite
    Posted 10-27-2023 12:35

    Hi everyone! My name is Nicole and I'm the Content Manager over on Vena's marketing team. 

    With Black Friday coming up soon on November 24, we're curious to know how this busy sales season impacts the way you manage your budgeting, forecasting and demand planning (particularly if you're a retail or e-commerce focused business). 

    • How much does the revenue you earn from Black Friday determine your budget for next year?
    • How frequently do you need to update your plans based on seasonal sales trends?
    • How do you plan your inventory needs ahead of Black Friday and the holiday season, and how early do you start?

    We'll summarize your insights on the Vena blog to help give advice to others in similar industries.

    Here's how you can contribute:

    1. Share Your Insights on This Forum: Kickstart a discussion right here in this thread. What strategies have worked for you? What lessons have you learned along the way?
    2. Email Us Your Insights: Prefer to share via email? Shoot your thoughts over to nbennett@venacorp.com and we'll ensure your insights are captured.

    Looking forward to your valuable inputs!



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    Nicole Bennett
    Content Manager
    Vena
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