Inventory Forecasting
Inventory forecasting is a powerful software feature that helps businesses accurately plan and predict their inventory needs. It is a crucial tool for companies that deal with large quantities of products and need to keep track of their stock levels. One of the main functions of inventory forecasting is to analyze past sales data and market trends to forecast the demand for a particular product. This enables businesses to make informed decisions about how much inventory to order and when to order it. By anticipating demand, businesses can avoid stock shortages and the cost
