How can demand forecasting improve my business operations?
Demand forecasting helps you predict customer demand, allowing for better inventory management and resource allocation.
What methods can I use for demand forecasting?
Common methods include qualitative techniques, time series analysis, and causal models. Each has its own advantages.
How accurate are these forecasting methods?
Accuracy varies by method and data quality, but combining methods often yields the best results.
Can you recommend any tools for demand forecasting?
Sure! Tools like SAP Integrated Business Planning, Oracle Demand Management, and Forecast Pro are popular choices.
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