Inventory demand forecasting is a decision-making process used by many businesses to help manage their inventories via budgeting, planning, and estimating future growth. Forecasting helps predict future outcomes based on past events and management insight to allow you to more accurately predict your inventory demands.
Vanguard Predictive Planning™ enables organizations to:
- Improve forecast accuracy
- Reduce costs
- Minimize stockouts
- Improve profits and customer satisfaction
- Automate planning
- Digitize supply chain