Forecasting demand can be crucial to strengthening the production chain. It helps to serve the existing customers and anticipate the demands that are likely to emerge in the near future. This can lead to powerful sales and prevent the accumulation of unsold products in your warehouse.

Forecasting is often based on historical data. It is combined with predictive analytics to understand the upcoming purchase trends, possible disruptions, and seasonalities. With this information, manufacturers can gain a competitive advantage and stay ahead significantly.

Analytics data on manpower and technology assists manufacturers in efficiency capacity planning. They can more accurately define the capacity of each production unit and the number of units created in each production cycle. BI systems provide clear information to the decision-makers for the evaluation of manufacturing units and streamlining the workflow.