Through gauging proper supply levels, warehouses can avoid spending excessive amounts on inventory that may not meet the same level of demand.
The Right Product, The Right Time
Qualitative and Quantitative Forecasting
Combined, qualitative and quantitative forecasting can provide substantial insights into the future financial and inventory planning for any warehouse.
Determining inventory levels related to supply and demand is more automated with forecasting software.
Enhance Customer Satisfaction
Customers are less likely to encounter “out of stock” messages when browsing for goods.
Managers can use this data to plot out their growth path and to avoid or mitigate any challenges they may face.