Short-term Demand Forecasting

Short-term demand forecasting is the process of predicting customer demand for products or services over a short period, usually ranging from a few days to a few months. Businesses use historical sales data, market trends, and seasonal patterns to make these predictions. Accurate short-term forecasts help companies manage inventory, staffing, and production, ensuring they can meet customer needs without overproducing or understocking. Ultimately, this helps businesses operate more efficiently and improve customer satisfaction by ensuring popular items are readily available.