Manufacturers that incorporate demand forecasting in their planning tools can accurately predict what lies ahead in terms of demand, optimal prices, and inventory.

Business Intelligence (BI)—the driving force behind modern decision-making—helps to predict future economic volatility and uncertain events that may have a huge impact on supply chain if not forecasted well. As business leaders are struggling to derive insights from enterprise as well as market data, the solution to this challenge lies in effectively using BI tools.

Source: business-intelligence.cioreview.com
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