Questions you need to ask before demand planning
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Given a chance to choose between never bearing a loss and accurately forecasting your demand, what would you choose? Business is more than just profit and loss; it is about solving real-life problems and making life easy. One such problem is precise sales forecasting or demand forecasting. Today, with the rise of technology, anticipating demand has become accessible only if you know how to go about demand planning and forecasting . Demand planning is not just a science of reacting to forecasted demand. It is the art of planning every step, preparing for the worst, hoping for the best, and then fulfilling the predicted demand . I t is always essential you ask questions before beginning with the demand planning. Here are some of the crucial questions that you should ask before you start planning What is your desired demand planning KPIs? Demand planning KPIs provide you with real-time information which assists you during forecasts. Demand planning is the art of prepa