INVENTORY MANAGEMENT | 2 minute read
Demand forecasting is a tool leveraged by businesses to estimate future customer demand. It helps to do the following:
1: Plan for future sales
2: Accurately manage inventory
3: Develop growth strategies
Download our latest guide to learn about the different types of demand forecasting and how the right tool can help you grow your business.
Demand forecasts are created using a combination of data points, including historical sales data, statistical models, market research, and other information depending on the business.
With a comprehensive demand forecast, businesses have access to valuable insights about future potential in their current market and other markets, enabling teams to make informed decisions about pricing, inventory, budgeting, business growth strategies, market potential, and more.
In our latest eBook, we’ll compare the different types of demand forecasting, look at some case studies of forecasting done right (and wrong!), and walk you through how forecasting demand with the right tools can help you grow your business.
Learn how demand forecasting can have a significant positive impact on the operations, reputation, and sales of any business. Read more
From reducing costs to keeping consumers happy, demand forecasting is an essential element of supply chain management, helping companies work smarter and increase profitability. Read more
Smoothed moving average is a demand forecasting model that helps combat the effects of market forces to reveal prevailing trends over a period of time. Read more
Demand planning is key to the longevity of any business. We look at some of the major aspects of the demand planning process and how they impact the entire supply chain. Read more
