How do you align your demand forecasting with your supply chain and inventory management?
Demand forecasting is the process of estimating the future demand for your products or services based on historical data, market trends, customer behavior, and other factors. It helps you plan your production, inventory, distribution, and marketing strategies to meet customer needs and optimize your profitability. However, demand forecasting is not a one-time activity, but a continuous cycle that requires constant alignment with your supply chain and inventory management. In this article, you will learn how to align your demand forecasting with your supply chain and inventory management, and why it is important for your business success.