Understanding Imp. of Demand Forecasting


Published by: thousenselite, Mon Jul 15 2024

demand-forecasting, demand-planning, sales-forecasting, forecasting-techniques, artificial-intelligence

Demand forecasting is essential for businesses to anticipate customer needs and plan their operations accordingly. It helps in managing inventory, scheduling production, and planning supply chain activities. Accurate demand forecasts can reduce costs associated with overstocking or stockouts and improve overall customer satisfaction. By understanding demand patterns, businesses can make better decisions and stay competitive.

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