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In determining the order quantities for raw materials and components, it is important to conduct demand forecasting appropriately, as doing so can lead to the suppression of excess inventory and the avoidance of lost sales opportunities. However, among order managers in retail and manufacturing, there may be some who decide on order quantities "somewhat arbitrarily." Therefore, this article will explain the importance and methods of demand forecasting in ordering operations, as well as demand forecasting models. *For more detailed content of the blog, you can view it through the related links. For more information, please download the PDF or feel free to contact us.*

Are you struggling with losses or stockouts due to inventory imbalances? Many of the causes stem from conducting ordering operations with low accuracy in demand forecasting. In recent years, an increasing number of companies have dramatically improved their ordering accuracy through demand forecasting utilizing AI and data analysis. In this article, we will comprehensively explain practical information covering the relationship between demand forecasting and ordering, specific forecasting models, utilization methods by ordering type, and the benefits of automation using AI tools. *You can view the detailed content of the blog through the related links. For more information, please download the PDF or feel free to contact us.*