Defining Demand Forecasting Demand forecasting as the term suggests is predicting the need for a product in the near future. Take a simple...
A new product is launched in the market to reduce the inflation cost of production by making improvements on existing products, targeted to the...
The need for long-horizon forecasting Long-horizon forecasting involves predicting a situation 1.5-2 years in advance. Some businesses need such horizons for procurement of raw...
While COVID-19 spreads globally, the retail industry braces for the outbreak’s fallout. From the slowdown in sales at the moment to not being able...
A famous quote coined by Paul Saffo, a consultant associate professor at Stanford University who has been a technology forecaster for more than 35 years...
In part 1, we built a crucial foundation to understand problem of inventory imbalance. Here, in part 2, we will dig deeper into...
