Demand Forecasting Methods: Choosing the Right Approach – 1st Ed. 29 pages

This publication is part of  The SCM Blueprint Short Papers Series.

Demand forecasting is a critical component of supply chain management and business strategy. By accurately predicting future demand, companies can optimize their inventory levels, reduce costs, and improve customer satisfaction.

This paper provides a comprehensive overview of various demand forecasting methods, highlighting their strengths and weaknesses, and offering insights into selecting the most appropriate approach for different business contexts. Readers will benefit by gaining a deeper understanding of how to implement these methods effectively, the challenges involved, and the best practices to ensure successful demand forecasting.