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What is Demand Forecasting? Importance and Benefits of Forecasting Customer Demand

ShipBob

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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Counterfeit products are exploding on Amazon

NC State SCRC

Our study, funded by the Center for Advanced Purchasing Studies, explored how this is likely just the tip of the iceberg, as counterfeiting is pervading multiple sectors. Production levels equivalent to an entire factory’s monthly production are coming in container loads through the Los Angeles port, including food, liquor, and cigarettes.