What is Demand Forecasting?

Demand forecasting is the process by which the future requirement of any product or service is estimated. Providing the suppliers a heads-up on the demand forecast helps in matching the demand and supply and also in reducing the system-wide inventory. Learn more about GEP’s demand forecasting software.

Related Terms

What is Dashboard?What is Decentralized Procurement?What is Dedicated Resources?What is Demand Management?What is Demand Sensing?