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What if you could forecast demand?
Well, think about it for a while.
- You could trim your material stock levels if you know your sales in the next period
- You would know how many people you need in production to meet the demand for your products
Do you need to know the future precisely to act on that insight? Probably not, as long as you get the direction and the magnitude of sales right for decision-making.
Continue reading about how Forecastbee makes Forecasting accessible for everyone, anywhere.
Posts
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Forecasting Real-Life Data
Forecast Effectively and Efficiently for Informed Decision-Making In other words, design your forecasting system with the end in mind. This is because forecasting the various domains of a large growing business’s value chain brings new challenges to the data analyst. Let’s look at a few of them and then talk about how to manage the
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Improve accuracy in forecasting demand
With the external drivers of sales, and your historical sales numbers, you now have more relevant information to build your forecast with.
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Getting insights from numbers
Get the numbers right, fast, and with less effort so that you stay focused on sales. With facts and numbers, you build a story from past sales numbers, forecast them for the next quarter, capture the effects of inflation, and act.
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Forecasting demand in uncertain times
At times of high uncertainties, it may feel discouraging to guess the future. Don’t despair. We can sketch a few scenarios that help find a reasonably good demand forecast. There are many ways to accomplish this, but here is one way. Your expert knowledge Bring in a team from, for example, Marketing, Sales, Production, and
Business Solutions
About Me
Hi, I’m Magnus, founder of forecastbee
I am a business developer with extensive experience in turning numbers from diverse business domains across the world into powerful business insights such as forecasting sales and advising on data-driven trends in global markets.
Expect posts on data-driven decisions, innovative solutions for busy professionals, and an occasional video! I hope you enjoy!
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Rolling 12 months trends
Most companies of any larger size use Key Performance Indicators (KPIs) to understand how the business is developing. KPI measures look at Revenues, Costs, Balance Sheet items, Cashflows, etc. But how do you effectively track these measures over a typical 5-year business cycle? So, let’s look at five annual series of monthly revenue streams as
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Top 3 reasons to forecast demand
Perhaps you’re a busy shop owner with little time to explore what forecasting demand can do for your business. Read on and see what forecasting does. Top 3 reasons to forecast, Forecast the clever way and get it right. Here we go: Cut your safety stock levels and free up cash. Yes, you can reduce