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It’s not easy to predict future demands, given the erratic nature of customers and the increase in supply chain disruptions. Your forecast should draw from various data points to help predict future sales and determine the right amount of inventory required to avoid incurring excess stock or experiencing stock-outs. 

In this guide, we’ll explore

  • What is inventory forecasting?
  • Essential inputs to help determine your forecast
  • 3 steps to improve your forecasting processes
  • 5 benefits of an effective forecasting process

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