{"id":1044,"date":"2019-05-06T04:32:56","date_gmt":"2019-05-06T04:32:56","guid":{"rendered":"https:\/\/www.smartsims.com\/support\/?post_type=ht_kb&#038;p=1044"},"modified":"2024-04-13T04:09:30","modified_gmt":"2024-04-13T04:09:30","slug":"how-do-i-avoid-lost-sales","status":"publish","type":"ht_kb","link":"https:\/\/www.smartsims.com\/support\/article\/how-do-i-avoid-lost-sales\/","title":{"rendered":"How Do I Fix Lost Sales in MikesBikes?"},"content":{"rendered":"<h3>What are Lost Sales?<\/h3>\n<p>Lost Sales occur when production was insufficient to meet actual customer demand.<\/p>\n<p>The <strong>Product Summary<\/strong> report and the <strong>Market Summary<\/strong> report both show the Lost Sales of your firm (if any).<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-922 size-full\" src=\"https:\/\/www.smartsims.com\/support\/wp-content\/uploads\/2019\/03\/PSR-Lost-Sales.png\" alt=\"Lost Sales from the Product Summary Report\" width=\"390\" height=\"303\" srcset=\"https:\/\/www.smartsims.com\/support\/wp-content\/uploads\/2019\/03\/PSR-Lost-Sales.png 390w, https:\/\/www.smartsims.com\/support\/wp-content\/uploads\/2019\/03\/PSR-Lost-Sales-300x233.png 300w, https:\/\/www.smartsims.com\/support\/wp-content\/uploads\/2019\/03\/PSR-Lost-Sales-50x39.png 50w, https:\/\/www.smartsims.com\/support\/wp-content\/uploads\/2019\/03\/PSR-Lost-Sales-60x47.png 60w, https:\/\/www.smartsims.com\/support\/wp-content\/uploads\/2019\/03\/PSR-Lost-Sales-100x78.png 100w\" sizes=\"auto, (max-width: 390px) 100vw, 390px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-923 size-full\" src=\"https:\/\/www.smartsims.com\/support\/wp-content\/uploads\/2019\/03\/MSR-Lost-Sales.png\" alt=\"Lost Sales from the Market Summary Report\" width=\"578\" height=\"197\" srcset=\"https:\/\/www.smartsims.com\/support\/wp-content\/uploads\/2019\/03\/MSR-Lost-Sales.png 578w, https:\/\/www.smartsims.com\/support\/wp-content\/uploads\/2019\/03\/MSR-Lost-Sales-300x102.png 300w, https:\/\/www.smartsims.com\/support\/wp-content\/uploads\/2019\/03\/MSR-Lost-Sales-50x17.png 50w, https:\/\/www.smartsims.com\/support\/wp-content\/uploads\/2019\/03\/MSR-Lost-Sales-60x20.png 60w, https:\/\/www.smartsims.com\/support\/wp-content\/uploads\/2019\/03\/MSR-Lost-Sales-100x34.png 100w\" sizes=\"auto, (max-width: 578px) 100vw, 578px\" \/><\/p>\n    \t\t<div class=\"hts-messages hts-messages--alert  hts-messages--withtitle  \"   >\r\n    \t\t\t<span class=\"hts-messages__title\">Delivery Time<\/span>    \t\t\t    \t\t\t\t<p>\r\n    \t\t\t\t\tYour product&#8217;s\u00a0<a href=\"https:\/\/www.smartsims.com\/support\/article\/delivery-satisfaction-mikesbikes\/\" target=\"_blank\" rel=\"noopener noreferrer\">delivery satisfaction<\/a> will decrease if you have Lost Sales as your customers have to wait longer for goods to be delivered to your retailers.    \t\t\t\t<\/p>\r\n    \t\t\t    \t\t\t\r\n    \t\t<\/div><!-- \/.ht-shortcodes-messages -->\r\n    \t\t\n<h3>How do I stop Lost Sales?<\/h3>\n<p>To avoid Lost Sales you need to ensure that you manufacture enough units to satisfy demand. This is done by:<\/p>\n<ul>\n<li>Making accurate Sales Forecasts:\n<ul>\n<li>Making <a href=\"https:\/\/www.smartsims.com\/support\/article\/how-to-sales-forecast-mikesbikes-introduction\/\" target=\"_blank\" rel=\"noopener noreferrer\">Accurate Sales Forecasts in MikesBikes Introduction<\/a><\/li>\n<li>Making <a href=\"https:\/\/www.smartsims.com\/support\/article\/how-to-sales-forecast-mikesbikes-advanced\/\" target=\"_blank\" rel=\"noopener noreferrer\">Accurate Sales Forecasts in MikesBikes Advanced<\/a><\/li>\n<\/ul>\n<\/li>\n<li>Setting your\u00a0Planned Production based on your Sales Forecasts and existing Inventory Levels.<\/li>\n<li>Ensuring your factory is large enough to manufacture the required units.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>What are Lost Sales? Lost Sales occur when production was insufficient to meet actual customer demand. The Product Summary report and the Market Summary report both show the Lost Sales of your firm (if any). How do I stop Lost Sales? To avoid Lost Sales you need to ensure that&#8230;<\/p>\n","protected":false},"author":4,"comment_status":"closed","ping_status":"closed","template":"","format":"standard","meta":{"footnotes":""},"ht-kb-category":[29,41,19],"ht-kb-tag":[],"class_list":["post-1044","ht_kb","type-ht_kb","status-publish","format-standard","hentry","ht_kb_category-mikesbikes-advanced-marketing","ht_kb_category-mikesbikes-accounting-marketing","ht_kb_category-mikesbikes-introduction-year-two"],"_links":{"self":[{"href":"https:\/\/www.smartsims.com\/support\/wp-json\/wp\/v2\/ht-kb\/1044","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.smartsims.com\/support\/wp-json\/wp\/v2\/ht-kb"}],"about":[{"href":"https:\/\/www.smartsims.com\/support\/wp-json\/wp\/v2\/types\/ht_kb"}],"author":[{"embeddable":true,"href":"https:\/\/www.smartsims.com\/support\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.smartsims.com\/support\/wp-json\/wp\/v2\/comments?post=1044"}],"version-history":[{"count":6,"href":"https:\/\/www.smartsims.com\/support\/wp-json\/wp\/v2\/ht-kb\/1044\/revisions"}],"predecessor-version":[{"id":2492,"href":"https:\/\/www.smartsims.com\/support\/wp-json\/wp\/v2\/ht-kb\/1044\/revisions\/2492"}],"wp:attachment":[{"href":"https:\/\/www.smartsims.com\/support\/wp-json\/wp\/v2\/media?parent=1044"}],"wp:term":[{"taxonomy":"ht_kb_category","embeddable":true,"href":"https:\/\/www.smartsims.com\/support\/wp-json\/wp\/v2\/ht-kb-category?post=1044"},{"taxonomy":"ht_kb_tag","embeddable":true,"href":"https:\/\/www.smartsims.com\/support\/wp-json\/wp\/v2\/ht-kb-tag?post=1044"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}