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What steps can you take to improve the accuracy and relevance of your demand forecasts?
Given the volatile nature of demand coupled with the influence of seasonality and ever-evolving product lifecycles, developing a robust forecast is often fraught with difficulty.
To help you increase the quality of your forecasts, we have put together a simple 6 step guide. Written by Slimstock’s inventory & forecasting expert, Steven Pauly, this guide is designed to help you overcome the following challenges:
Choosing the right forecast procedureIdentifying the cause of forecast errorAccounting for evolving product lifecyclesTaming the bullwhip effectMaintaining the responsivness forecast