Inventory Planning

Inventory planning, within the context of demand planning, involves forecasting how much of a product will be needed to meet customer demand while minimizing excess stock. It balances factors like sales trends, seasonal changes, and market conditions to determine optimal stock levels. Effective inventory planning ensures that a business has the right amount of products available at the right time, reducing storage costs and preventing stockouts. Ultimately, it aims to enhance customer satisfaction and operational efficiency by aligning inventory closely with anticipated sales.