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What is demand forecasting?

Answer:

Demand forecasting is the process of estimating future sales using historical data, market trends, and other factors. In supply chain management, it allows companies to anticipate product demand in order to plan production, procurement, and inventory. Accurate demand forecasts help businesses avoid stockouts and overstocking, thereby improving service levels and cost control.

Other FAQs:

How do you clean historical data (requests, sales, etc.)?

What results can we expect in terms of forecasting, inventory or ROI?

What parameters are taken into account when calculating the quantities to order?

Is it suitable for a small Supply Chain team?

Do you offer ABC/XYZ classification tools for inventory?

Is the Flowlity solution suitable for Make-to-Stock (MTS) and Make-to-Order (MTO) environments?

Does the solution manage supplier calendars or product launch/end periods?

What is collaborative supply chain planning?

Why choose Flowlity over Relex Solutions, especially for a B2B distributor?

Does the solution manage supplier calendars or product launch/end-of-life dates?