Demand planning forecasting is the process of predicting customer demand for a particular product, service, or resource over time. It involves gathering data about past orders, analyzing customer behavior and trends, and using models and algorithms to make more accurate predictions. By utilizing this predictive approach, businesses can prepare for future events and ensure they have sufficient supply to meet customer needs. When done effectively, this type of planning and forecasting provides key insights that help businesses make more informed decisions, optimize inventories and resources, and identify areas of opportunity.