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Logistics stakeholders are continuing to utilize digital transformation to meet customer expectations and keep up with global trade challenges. Logistics stakeholders are continuing to digitalize operations—and supply chains—through new technologies that meet customer expectations and keep up with global trade challenges.
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Demand planning is part of a company’s planning strategy to allocate resources in the best and most effective way to meet demand and respond to demand changes. Working out the right stock levels to meet demand is vital for customer satisfaction. What is demand planning? Why is demand planning important?
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Using the same analysis for a product with an erratic demand type for one with slow demand will result in inaccurate forecasts. You can quickly and accurately forecast demand for all your items, including those with lumpy or complex requirements, to reduce stock outs, reduce tied-up capital and, most importantly, meet customer requirements.
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