Consensus Demand Forecasting

Consensus demand forecasting is a collaborative process where different teams or experts within a company combine their individual predictions about future product or service demand. By merging these insights, they create a shared, balanced forecast that reflects multiple perspectives, reducing bias and increasing accuracy. This approach helps the company plan better for production, inventory, and resources, aligning everyone’s expectations and improving decision-making. Essentially, it’s about gathering diverse insights to reach a unified and informed estimate of future demand.