The forecasting process is crucial for every manufacturer, retailer and in general
for all businesses. This is because moving the finished goods or raw materials from
suppliers to factories, to distributors, to customers takes the time needed for
these physical objects to move from one location to another. Forecasting fills the
gap between the business need to know in advance when demand will be present and
the factory need to know when the order will come in since also the manufacturing
process will take its time. Part suppliers will take their time to produce parts
needed and time will be needed to assemble all items.
Every actor in this supply chain can then plan in advance when to produce, how much
to produce, when to distribute, how much to distribute.
The ability to produce a correct forecast can produce benefits across the entire
supply chain such as lower costs, less inventory, and fewer stock-outs.
IPredict offers its unique data forecasting library that solves many problems
related to Supply Chain Forecasting, Stock Market Forecasting, Demand
Forecasting in an easy way directly in your Excel.