What is product demand forecasting? Introducing necessary data and specific use cases.
Benefits such as maximizing sales opportunities, reducing waste loss, and improving inventory management efficiency!
Demand forecasting is the process of predicting how much of a product will sell (whether there is demand for it). To maximize sales opportunities and optimize inventory, accurate demand forecasting is essential. However, some individuals in retail and manufacturing may struggle with issues such as "not being able to accurately forecast demand for new products" or "experiencing significant fluctuations in product sales due to seasonal changes." This article will provide a detailed explanation of the basic concepts of demand forecasting, its benefits, the necessary data, and actual case studies of its application. *For more detailed content, please refer to the related links. For further information, feel free to download the PDF or contact us.*
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