Overcoming Weak Demand Forecasting in Supply Chain Management with Advanced Tools and Techniques
Dear readers,
Are you facing challenges in demand forecasting in your supply chain management? Accurate demand forecasting is essential for making informed decisions, but weak demand forecasting can lead to consequences such as overstocking, understocking, inefficient production scheduling, and missed opportunities.
But don't worry, there are ways to overcome these challenges! In our latest article, we explore the best practices and advanced tools and techniques to improve demand forecasting in supply chain management. From using advanced analytics tools to incorporating data from multiple sources and regularly reviewing and adjusting forecasts, there are many ways to make more accurate predictions.
One such tool is the value-added intelligence tool for merchants, developed by Eunimart. It uses non-parametric Bayesian inference and general-purpose forecasting algorithms to provide more accurate and reliable forecasting capabilities, leading to reduced costs for inventory management and improved operations.
To learn more about how to overcome weak demand forecasting, click the link below to read the full article on our website. Don't forget to subscribe to our newsletter for more insights on supply chain management.
Best regards,
Team Eunimart