What is inventory forecasting and why is it inevitable for your business?

What is inventory forecasting and why is it inevitable for your business?

What is inventory forecasting? Inventory forecasting refers to defining and predicting the inventory requirements for a future time period. It can be defined as a scientific approach of predicting sales for a specified future period and is largely based on the proposed marketing plan and a set of competitive factors. Inventory forecasting techniques are highly [...]

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