What is demand planning & how to arrive it

Question

Accepted Answer

Demand planning is the process of forecasting customer demand for a product or service to optimize inventory levels and meet customer needs.

Analyze historical sales data to identify trends and patterns
Consider external factors such as market trends, seasonality, and promotions
Collaborate with sales, marketing, and production teams to gather input and insights
Use forecasting techniques such as moving averages, exponential smoothing, and regression analysis
Adjust forecasts based on new information and feedback from stakeholders

Accepted Answer

Based on previous sales, Demand to be arrived

What is demand planning &amp; how to arrive it