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Demand forecasting is important for every business. It helps businesses make smart decisions. This is true for any company that wants to grow and stay strong in the market. Every business wants to improve. To do that, they need the best forecasting tools. In the past, forecasting was done manually. People used math models and their experience. This method worked well for many years. But now, new technology like AI is changing everything. So, what should you use? Traditional m

Introduction to Dead Stock Dead stock means items that do not sell. These products sit in the warehouse or on store shelves. They take up space and cost money. Over time, these items lose value. Businesses may throw them away or sell them at very low prices. This leads to big losses. Avoiding dead stock is important for every business. The Role of Forecasting in Inventory Management Forecasting helps businesses know what to stock. It uses past sales and trends to predict futu

Overstock  happens when a company has too many products. These products don’t sell fast. This leads to extra storage costs and money...

Inventory is very important for every business. It helps in running the business smoothly. But having too much inventory is a big...

Overstocking means having too many products in storage. This is a big problem for many businesses. It wastes money and fills up your...

In today’s fast business world, demand planning and supply planning are both very important. They help companies run smoothly, save...