Small-business owners pay an awful lot of attention to demand when building their sales forecasts. Demand forecasts tell entrepreneurs not only what products consumers may buy but also what products ...

Supply chain forecasting is becoming an increasingly critical component of operational success. Accurate forecasting enables companies to optimize inventory levels, reduce waste, enhance customer ...

Demand forecasting might be simple in stable environments where the future very closely resembles the past. Most small business owners learn early on, however, that the future rarely replicates the ...

Yogi Berra once said, "It's tough to make predictions, especially about the future." While there's no magic formula for forecasting, there are several steps that companies can take to mitigate ...

The Covid-19 pandemic has proved that history no longer repeats itself when it comes to understanding consumer behavior. Demand forecasting systems have been ill-equipped to address disruptions to our ...

To get (and keep) accurate demand forecasting back on track, companies need to completely rethink the status quo. The Fast Company Executive Board is a private, fee-based network of influential ...

Estimating the demand for products or services is crucial for medical device manufacturers considering the dynamism in the market today. Insights into these factors not only help plan for future ...

In the early years of the oil industry, prices moved sharply with the discovery of a new, large oil field or the sudden decline of an existing producer. Producers were like farmers, prey to things ...

Researchers at Institute of Science Tokyo have developed a novel Group Encoding method that accurately forecasts electricity demand using only On/Off device data from building energy systems. Tested ...