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From Historical Sales Data to Future Sales Projections: How ThouSense Makes It Easy | #demand-forecasting # demand-planning # sales-forecasting # forecasting-techniques # artificial-intelligence

From Historical Sales Data to Future Sales Projections: How ThouSense Makes It Easy

Forecasting is the technique of estimating and predicting future consumer demand for a good or service using prediction analysis of previous data.

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Maximizing ROI with Better Demand Planning | #demand-forecasting # demand-planning # sales-forecasting # forecasting-techniques # artificial-intelligence

Maximizing ROI with Better Demand Planning

The idea is to identify the process management areas that need to be addressed and then define the related metrics that can be monitored and translated into ROI when a manufacturer must evaluate the efficacy and accompanying return on investment (ROI) of a volume planning process.

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Why Forecasting is Important in Supply Chain Management | #demand-forecasting # demand-planning # sales-forecasting # forecasting-techniques # artificial-intelligence

Why Forecasting is Important in Supply Chain Management

One could argue that today's manufacturers need a fortune teller given the complexity and ambiguity involved in managing a global commodity network to see what's coming, whether certain events can affect preparatory work and manufacturing, and what manufacturers can do to minim

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Demand Forecasting vs. Demand Planning | #demand-forecasting # demand-planning # sales-forecasting # forecasting-techniques # artificial-intelligence

Demand Forecasting vs. Demand Planning

Unprecedented supply chain interruptions have caused havoc over the past two years. Demand planning and logistics chain experts have had to rethink their models and take new factors into account due to COVID-19, port backlogs, or trade disputes.

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How Can We Forecast Inventory Demand? | #demand-forecasting # demand-planning # sales-forecasting # forecasting-techniques # artificial-intelligence

How Can We Forecast Inventory Demand?

Techniques for demand forecasting are crucial to inventory management. You can take steps to make sure you have the right stock to maximize sales and profit if you can predict market demand accurately.

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ThouSense is an AI/ML-based, easy-to-use SaaS platform that helps businesses worldwide predict short-term and long-term demand planning and forecasting. You can get automated and accurate demand forecasts of macroeconomic indicators, currency fluctuations, weather and seasonality patterns, etc. With historical sales data, it predicts future sales volume, anticipates demand trends and seasonality without compromising on accuracy. It also helps with financial forecasting, budgeting, scenario planning, and supply chain management for small-to-large enterprises.