Demand Forecasting for Retail and Consumer Goods: The Complete Guide
Consumer goods companies seeking to reduce costs and optimize production capacity require highly accurate demand forecasts. It’s no longer enough to rely on manual processes, spreadsheets, and past performance to predict future needs. A high-tech solution is essential for success.
This guide shares key approaches for consumer packaged goods (CPG) companies to establish a strong foundation for demand forecasting best practices in the supply chain environment.
Written by our experts at RELEX, this guide includes:
- – why consumer goods companies benefit from improved demand forecasting,
- – how machine learning supports demand forecast accuracy,
- – what to look for when choosing demand forecasting software
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