How to use Demand Forecasting to Reduce Supply Chain Costs?
As 2024 is almost at a closure, rising global market complexities and shifting consumer demands are increasing rapidly. Consequently, enhancing supply chain optimization to the next level becomes paramount than ever before. Besides, businesses are paying a significant portion of their operational budget in inventory management and logistics due to rising costs. Likewise, one of the best ways to tackle this issue is by leveraging accurate demand forecasting – It helps businesses to predict future demands, minimize excess costs, and streamline operations.