Forecasting

Forecasting in replenishment refers to the process of predicting future demand for products so that businesses can maintain optimal inventory levels. By analyzing past sales data, market trends, and seasonal factors, companies estimate how much of each product they will need in the future. This helps ensure they have enough stock to meet customer demand without overstocking, which can lead to wasted resources. Accurate forecasting enables businesses to make informed decisions about when and how much to restock, ultimately improving efficiency and customer satisfaction.