Demand Forecasting For Products Is A Critical Aspect Of Supply Chain Management And Business Planning. It Involves Predicting The Future Demand For A Product Based On Historical Sales Data, Market Trends, And Other Relevant Factors. Accurate Demand Forecasting Can Help Businesses Optimize Their Inventory Levels, Production Schedules, And Pricing Strategies, While Reducing Waste And Improving Customer Satisfaction. The Main Concepts And Techniques Involved In Demand Forecasting For Products. We Will Discuss The Importance Of Demand Forecasting, The Different Types Of Forecasting Methods, And The Factors That Influence Demand. We Will Also Explore The Challenges And Limitations Of Demand Forecasting, As Well As Best Practices For Improving The Accuracy And Reliability Of Forecasts.
