Typically, a variety of forecasting methods are applicable to any particular supply chain scenario. Smart supply chain planners use multiple forecasting methods tuned to perform well at different phases of the product life cycle, chosen to best exploit the available historical data and degree of market knowledge. The key is to pick the most effective and flexible forecasting models, blend their best features, and shift between them as needed to keep forecast accuracy at its peak. This whitepaper shares best methods on how to forecast demand accuracy.
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