What's the best manufacturing demand forecasting methodology for you?
As a manufacturing business, you know that forecasting your inventory stock levels is a challenge. It’s a constantly moving target. In the past, you may have spent hours with Excel spreadsheets or rely on your judgment or hunch for inventory management. In the best-case scenario, you’re armed with historical, real-time and future projection data to give you detailed information for improved forecasting accuracy. How can you leverage a modern ERP solution to produce enough to satisfy customer demand while avoiding overstock costs? Let’s explore these 4 forecasting methods to help begin the discovery of what’s best for your operation.