Inventory Prediction

Inventory Prediction

Inventory Prediction

oboloo’s Glossary

Inventory Prediction is a business practice where future demand for products and services is predicted and tracked, enabling organizations to better protect the supply chain and maximize profits. By predicting customer demand in advance, businesses are able to anticipate when, how much, and what types of inventory they will need to buy so they can stay ahead of consumer demand. This allows organizations to reduce costs while ensuring they always have the necessary products on hand when customers want them. With careful planning, businesses can make strategic decisions that help ensure a low cost-to-sale ratio and an optimal level of customer satisfaction.