Accurate forecasting determines how much product a business needs to fulfill customer orders, and it also ensures that they don't spend too little or too much on inventory.
This guide provides an overview into the basics of what inventory forecasting is, as well as:
- The common challenges of inventory management and how better forecasting can help minimize or avoid them.
- Key inventory metrics and formulas to help you accurately forecast.
- Tips, techniques and methods to best analyze your inventory metrics.