Difference between revisions of "Forecast Demand"
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{{fa}}Creating a successful forecast demand ensures that you have enough inventory for the upcoming sales period. A demand forecast looks at sales data from the past to determine the consumer demand in the future. With an accurate demand forecast, you will have operations that are more efficient, better customer service, and a reduced lead time on manufacturing products. An accurate demand forecast will help you avoid high cost operations, poor customer service, and product shortages. <ref name="rf1">http://dspace.mit.edu/bitstream/handle/1721.1/39816/ESD-260JFall2003/NR/rdonlyres/Engineering-Systems-Division/ESD-260JFall2003/08F26A35-E698-4FC6-8AC6-1B7445F1CE04/0/l2_3demfcastpmas.pdf</ref> | {{fa}}Creating a successful forecast demand ensures that you have enough inventory for the upcoming sales period. A demand forecast looks at sales data from the past to determine the consumer demand in the future. With an accurate demand forecast, you will have operations that are more efficient, better customer service, and a reduced lead time on manufacturing products. An accurate demand forecast will help you avoid high cost operations, poor customer service, and product shortages. <ref name="rf1">http://dspace.mit.edu/bitstream/handle/1721.1/39816/ESD-260JFall2003/NR/rdonlyres/Engineering-Systems-Division/ESD-260JFall2003/08F26A35-E698-4FC6-8AC6-1B7445F1CE04/0/l2_3demfcastpmas.pdf</ref> | ||
| − | [[Category:Finance and Business]] | + | [[Category: Finance and Business]] |
==Steps== | ==Steps== | ||
