oboloo

oboloo Glossary

Forecast Methods In Supply Chain

oboloo Glossary

Forecast Methods In Supply Chain

Forecast methods in supply chain are the official business definitions used to predict the future demand for goods and services. These methods help businesses to make informed decisions on inventory levels, pricing, and production. They are used to plan for future demand and ensure that the supply chain is able to meet the needs of customers. The most common forecast methods used in supply chain are time series analysis, regression analysis, and causal analysis. Time series analysis uses historical data to predict future demand, while regression analysis looks at the relationship between variables to make predictions. Causal analysis looks at the underlying causes of demand and how they might affect future demand. All of these methods help businesses to make informed decisions about their supply chain and ensure that they are able to meet customer demand.

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