Inventory Forecasting

Inventory forecasting is the process of predicting future inventory needs based on various factors such as sales trends, seasonal demand, and market conditions. Businesses use this technique to determine how much stock they should have on hand to meet customer demand without overstocking or running out of items. Accurate forecasting helps companies reduce costs, optimize storage, and improve customer satisfaction by ensuring products are available when needed. By analyzing historical data and market trends, businesses can make informed decisions about their inventory levels to maintain efficiency and profitability.