Inventory forecasting, also known as demand planning, uses past data and known circumstances to predict needed inventory levels for a future period. Accurate forecasting ensures businesses have enough products to satisfy customer orders while not fastening up cash in excessive inventory. Forecasting is more than just setting a reorder point — it’s using data analysis to identify patterns and trends to adapt to dynamic conditions and meet customer demand.
With Clea, it’s possible to predict the Inventory Levels and restocking needs for future periods based on consumption Data, Trends, Seasonality, etc.
Here, we can filter by all parameters, and we can see each product predication, and based on that, we can do restocking.