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Demand Forecasting - A Beginners guide

Learners: 111

Instructor: Pattabhi Raman

Duration:

Demand forecasting is an essential tool for businesses to plan, set goals, and budget for the future. This course provides a beginner's guide to understanding demand forecasting and its importance. Learn how to use historical data and other information to anticipate customer demand, optimize inventory levels, increase inventory turnover rate, and identify and rectify any issues in the sales pipeline. Plus, gain insight into upcoming cash flow and when to increase staff and allocate resources. Get the skills you need to make informed decisions and ensure your business runs smoothly.▼▲

Course Feature Course Overview Course Provider

Go to class

Course Feature

Cost:

Paid

Provider:

Udemy

Certificate:

Paid Certification

Language:

English

Start Date:

2022-04-01

Course Overview

❗The content presented here is sourced directly from Udemy platform. For comprehensive course details, including enrollment information, simply click on the 'Go to class' link on our website.

Updated in [July 25th, 2023]

Demand forecasting, also known as sales forecasting, is the process of making estimates about future customer demand over a certain time period. It uses historical data along with other information to help businesses plan, set goals, and budget. With a good understanding of what future sales may look like, businesses can optimize their inventory levels, increase inventory turnover rate, and reduce holding costs. Additionally, demand forecasting provides insight into upcoming cash flow, allowing businesses to budget payments for suppliers and other operational costs. It also helps businesses anticipate when to increase staff and allocate other resources to ensure operations run smoothly during peaks in activity periods.