Author name: Thousense Lite

Businesses are under increasing pressure to streamline processes, cut costs, and enhance customer service in today’s quickly changing industry. Accurately anticipating future demand is one of the biggest problems that organizations have. To optimize inventory levels, cut waste, and ensure customer satisfaction, accurate sales forecasting is essential. Manual surveys & statistical models, which are common […]

Forecasting is the technique of estimating and predicting future consumer demand for a good or service using prediction analysis of previous data. By anticipating future sales, demand forecasting enables organizations to optimize inventory. Demand managers may make well-informed company decisions about anything from inventory planning & warehousing requirements to running flash sales and satisfying consumer expectations by