The benefits of intelligent demand forecasting and four ways to avoid common supply chain pitfalls.
Organizations want to reduce costs and free up working capital, but at the same time, changes in consumer demands create strain on the supply chain. However, a better understanding of consumer demand can allow for more accurate forecasting for supply chain teams, driving better labor, inventory, production planning, and logistics decisions.
Intelligent demand forecasting harnesses technology to forecast demand for products and services. And by leveraging data and advanced statistical and machine learning techniques, it can improve accuracy dramatically.
