Demand sensing is a demand forecasting method that uses data mining and real-time data capture to create a forecast of demand based on the current realities of the supply chain. Traditionally, forecasting accuracy was based on time series techniques which create a forecast based on prior sales history and draws on several years of data to provide insights into predictable seasonal patterns.
Demand sensing is a demand forecasting method that uses data mining and real-time data capture to create a forecast of demand based on the current realities of the supply chain. Traditionally, forecasting accuracy was based on time series techniques which create a forecast based on prior sales history and draws on several years of data to provide insights into predictable seasonal patterns.
Source: Wikipedia "Demand sensing" · CC BY-SA 4.0
Share this article: X · Bluesky