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FORECASTING 101: 11 Forecasting Fundamentals Every Supply Chain Pro Needs to Know

FORECASTING 101: 11 Forecasting Fundamentals Every Supply Chain Pro Needs to Know

Forecasting technology is always growing more sophisticated, or at least more complicated. At the same time, your customers’ expectations for service level and fulfillment are more demanding than ever.

Newer technologies - like complex algorithms, machine learning, and AI – are often touted as delivering better forecasts. However, without a basic understanding of forecasting fundamentals, you won’t be able to apply those tools correctly.

So, whether you’re still manually updating inventory or are a seasoned supply chain pro, here are 11 forecasting fundamentals you need to know.

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