Demand forecasting is a critical component of supply chain management and business strategy, serving as a predictive tool that helps organizations anticipate customer needs and align their resources accordingly. By estimating future demand for products or services, businesses can optimize
Predictive analytics has emerged as a transformative force in supply chain management, enabling organizations to make data-driven decisions that enhance efficiency and responsiveness. By leveraging historical data, statistical algorithms, and machine learning techniques, businesses can forecast future trends and behaviors,
Advanced data analytics refers to the use of sophisticated techniques and tools to analyze large volumes of data in order to gain valuable insights and make informed decisions. In the context of inventory management, it involves analyzing data related to