Inventory Planning Blog

Inventory Demand Forecasting Overview - Part 1

Posted on Mon, Jul 11,2022@09:52 AM

forecastForecasting customer demand is an important and necessary part of the chain of calculations needed to optimize inventory stocking levels. There are a wide variety of techniques that can be used, making forecasting a confusing and sometimes difficult process. If your goal is to not only forecast demand but also stock inventory at optimal levels, then forecasting must be combined with inventory planning and replenishment optimization algorithms to reach the goals of higher service levels with less inventory.

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Tags: advanced inventory planning solutions, Demand Planning, forecasting software,, optimized inventory planning