Supply Chain Forecasting: How It Impacts Business Operations

Supply chain forecasting is a critical component of effective supply chain management. It involves estimating future supply and demand to ensure smooth operations and optimal resource allocation. Companies use historical data, predictive analytics, and real-time market insights to make informed decisions. A well-forecasted supply chain reduces excess inventory, improves cash flow, and enhances customer satisfaction. Implementing the right forecasting strategies can give businesses a competitive edge in today’s dynamic market.

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