oboloo

oboloo Glossary

Demand Sensing Process

oboloo Glossary

Demand Sensing Process

Demand sensing is a process used by businesses to anticipate customer demand and make sure they have the right products in the right place at the right time. It involves collecting and analyzing data from multiple sources, such as sales, marketing, and customer feedback, to create an accurate picture of current and future customer demand. By understanding customer needs and preferences, businesses can adjust their inventory and production levels to meet customer demand. Demand sensing also helps businesses reduce their inventory costs, as they can avoid overstocking or understocking products. Additionally, demand sensing can help businesses improve their customer service by providing customers with the products they need when they need them. Overall, demand sensing is an essential process for businesses that want to remain competitive in today’s market.

Want to find out more about procurement?

Access more blogs, articles and FAQ's relating to procurement

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

© 2024 oboloo Limited. All rights reserved. Republication or redistribution of oboloo content, including by framing or similar means, is prohibited without the prior written consent of oboloo Limited. oboloo, Be Supplier Smart and the oboloo logo are registered trademarks of oboloo Limited and its affiliated companies. Trademark numbers: UK00003466421 & UK00003575938 Company Number 12420854. ICO Reference Number: ZA764971