Demand forecasting: how predictive analytics helps plan for the future

The supply chain of any business is a complex mechanism and it thrives on stability, on knowing exactly how much product is demanded in the exact place by the exact time. How do companies do that?
Watch the video to find out the answer!
0:00 Empty shelves in supermarkets
0:56 How companies prepare for the future?
2:25 Traditional statistical methods
4:43 How to make advanced demand predictions
5:18 Predictive analytics in demand forecasting
6:36 What is Demand sensing?
7:18 When to use predictive analytics for demand forecasting
9:01 How to implement predictive analytics practices
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Sources:
[ 1 ] www.washingtonpost.com/busine...
[ 2 ] qz.com/1820138/high-priced-n9...
www.marketwatch.com/story/air...
[ 3 ] news.cgtn.com/news/2020-02-25...
hbr.org/2020/03/how-chinese-c...
[ 4 ] towardsdatascience.com/the-co...
[ 5 ] www.altexsoft.com/blog/demand...
[ 6 ] • Heuritech Presentation
More about demand forecasting in our article: www.altexsoft.com/blog/demand...
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[@matrixtoogood5601]

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[@thbnkk]

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[@fergusonu2435]

Great tool for learners.