What is Demand Forecasting? Importance and Benefits of Forecasting Customer Demand
ShipBob
OCTOBER 24, 2022
Demand forecasting can help you spend less money on both inventory purchase orders and warehousing , as the more inventory you carry, the more expensive it is to store. They plan to continue to grow at that pace, so they are looking into whether they should purchase land, lease a warehouse, or outsource fulfillment to keep up with demand.
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