Description
AI Buyer Guide for AI-Enabled Demand Forecasting in Supply Chain and Logistics
Demand forecasting is the process of predicting future customer demand for a product or service based on historical data, market trends, and other influencing factors. It leverages advanced statistical models, machine learning algorithms, and AI technologies to anticipate demand with greater accuracy. By enabling organizations to plan supply chain operations proactively, demand forecasting reduces costs, optimizes inventory levels, and enhances customer satisfaction.
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