Market volatility and changes in buying patterns make the use of sophisticated demand forecasting methods a necessity in virtual any industry. The use of demand forecasting reduces inventories, helps to synchronize the Sales & Operations flow and increases customer satisfaction levels.
– Get insight in estimated cash flow and production capacity need.
– Identify seasonality’s and trends.
– Use straightforward forecasting techniques such as time series up to the most complex causal models to take multiple factors into account.