Demand Forecasting
Supply Chain
Demand Forecasting
Use of quantitative and qualitative methods to estimate future demand.
Examples
- 01Demand forecasting for spare parts uses three years of sales history plus the number of machines still in the field.
- 02The planning team reviews demand forecasting results monthly by product family and customer segment.
- 03When demand forecasting misses a trend, sales, planning and production meet to adjust the plan within the week.