"What is demand forecasting why is it of critical importance of the business? What are the features of demand forecasting? What is the significance of demand forecasting? For enterprises, demand forecasting allows for estimating how many goods or services will sell and how much inventory needs to be ordered. Demand forecasting lays the foundation for many other critical business assumptions such as turnover, profit margins, cash flow, capital expenditure, and capacity planning. What factors influence demand forecasting of a new product? A firm considers various factors, such as changes in income, consumer's tastes and preferences, technology, and competitive strategies, while forecasting demand for its products, right? Don’t you want to estimate the product or service so that you can manage the targets of the organisation? Isn’t demand forecasting an integral factor for an organisation’s efficient management of its product and service? Let’s learn about the concepts of demand forecasting with the help of the presentation, shall we?

Prachi Garg

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