Demand Forecasting is an important part of Supply Chain Management (SCM). It is the process of predicting the future demand for a product or service in order to ensure that the right amount of resources are available to meet customer needs. This includes predicting customer demand, inventory levels, and production capacity. Demand forecasting helps companies to plan for the future and make decisions about how to allocate resources. Demand forecasting is used to inform decisions about pricing, production, inventory, and marketing. It helps companies to anticipate customer needs and plan for the future. Companies use a variety of methods to forecast demand, including historical data analysis, market research, and predictive analytics. Companies in the demand forecasting market include Oracle, SAP, IBM, Microsoft, SAS, and Tableau. These companies provide software solutions to help companies forecast demand and make informed decisions about their supply chain. Show Less Read more
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