Introduction
Demand forecasting plays a pivotal role in supply chain management, as it helps businesses to anticipate future customer demand and make informed decisions regarding inventory levels, production schedules, and resource allocation. This tutorial offers a comprehensive walkthrough of various demand forecasting techniques, including qualitative and quantitative methods, and provides practical guidance on selecting the most appropriate method for different supply chain scenarios. By understanding and implementing these techniques, supply chain professionals can improve the accuracy of their demand forecasts, minimize stockouts, and reduce costs.
