The practice of demand forecasting has evolved significantly over the centuries, tracing its roots back to ancient civilizations where merchants relied on rudimentary methods to predict the needs of their customers. In these early days, traders would observe seasonal patterns
Demand forecasting is a critical component of supply chain management and business strategy, serving as a predictive tool that helps organizations anticipate customer needs and align their resources accordingly. By estimating future demand for products or services, businesses can optimize
Advanced data analytics refers to the use of sophisticated techniques and tools to analyze large volumes of data in order to gain valuable insights and make informed decisions. In the context of inventory management, it involves analyzing data related to