Business forecasting involves forecasting tools and techniques to help businesses predict certain developments, such as revenue, sales, and growth.
In today’s business environment, the decisions often must be made in environments that are much more fraught with uncertainty. Here are a few examples.
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For better or for worse, inventories lie at the bottom of these complex supplychains. The central question of how much inventory is needed, and where it is needed, is often an endless debate among colleagues. Especially when the game of politics drives decisions.
Within all supply chains lies the question of planning. The better we evaluate the future, the better we can prepare ourselves. The question of future uncertainty, how to reduce it, and how to protect yourself against this unknown has always been crucial for every supply chain.