DEMAND FORECASTING

It is a main focal point for any emerging commercial industry. In the absence of any adequate demand predicting protocols in place, it becomes almost difficult to get the exact quantity of inventory in-store at any given time.

Confidently Forecast your Future

We generate predictive models from advanced predictive algorithms that take into account both in-house and secondary data.

Understand Your Customer demand

Successful business planning relies on understanding how much demand there will be for products and services. From product design to manufacturing, logistics and sales, the more insight into anticipated demand, the better ready your organization will be.

Demand forecasting helps a business to take various decisions, such as planning the manufacturing process, buying raw materials, managing resources, and deciding the product's cost. Let's see how demand forecasting helps your business.

Understand Your Customer demand

Successful business planning relies on understanding how much demand there will be for products and services. From product design to manufacturing, logistics and sales, the more insight into anticipated demand, the better ready your organization will be.

Demand forecasting helps a business to take various decisions, such as planning the manufacturing process, buying raw materials, managing resources, and deciding the product's cost. Let's see how demand forecasting helps your business.

Types of Demand Forecasting

Retail demand forecasting uses information and perspectives to forecast how much of a particular service or product customer wants to buy over a specified period.

In economics, analysts look at demand in the market as a whole, often for a particular industry or product category. In retail, you will look at the demand for YOUR products specifically. Demand forecasting in economics can (and should) inform forecasting in retail.

Marketing demand forecasting is another element to be considered by distributors. Get the sales and operations teams on the same platform to share schedules, objectives, and projects and be assertive in scheduling.

Types of Demand Forecasting

Retail demand forecasting uses information and perspectives to forecast how much of a particular service or product customer wants to buy over a specified period.

In economics, analysts look at demand in the market as a whole, often for a particular industry or product category. In retail, you will look at the demand for YOUR products specifically. Demand forecasting in economics can (and should) inform forecasting in retail.

Marketing demand forecasting is another element to be considered by distributors. Get the sales and operations teams on the same platform to share schedules, objectives, and projects and be assertive in scheduling.

How demand forecasting contribute to growing businesses

It mostly comes down to two things: becoming more cost-efficient and improving the customer experience.

Cost-efficiency

  • Easiest ways to maximize your profits
  • Reduces capital tied up in unneeded inventory.
  • Capitalize every sale opportunity without disappointing customers with out-of-stocks.
  • Can check before time to see if you are on target to hit your predicted sales

Enhance customer experience

  • Focus on product end user and increase customer loyalty and referrals.
  • Use forecasting to inform staffing decisions.
  • It pertains to brick-and-mortar retailers as well as e commerce management.
  • Avoids out-of-stocks, backorders, late shipments, etc

Demand Forecasting Processes

At SectorQube, various steps are taken to facilitate a systematic demand forecasting:

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Contact Us


Address

1st Floor Thejus Karthika Building CSEZ P.O Kakkanad Kochi - 682037


Indian Telecom Innovation Hub Kinfra Hi-Tech Park HMT Colony P.O Kalamassery Kochi -683503


SectorQube Inc. 2600 EL Camino Real STE 403 Palo Alto CA-94306


Phone
0484 2975400
Email
mail@sectorqube.com