Inventory management is one of the most critical parts of any business. Effective inventory management can help you avoid the costly mistake of overordering or running out of stock. Inventory forecasting is one tool that can help you plan your inventory levels. A good forecasting solution will consider several factors, including historical sales data, customer and business insights, and demand planning.
Your complete guide to inventory forecasting will cover everything you need to know about it and how you can use it to improve your business. We will also provide a step-by-step guide to setting up an accurate inventory forecasting system for your business.