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The Value of a Data-Driven Approach to Demand Sensing and Forecasting
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The Value of a Data-Driven Approach to Demand Sensing and Forecasting
Special Guest Blog Post written by Chris Cunnane with InterSystems Demand sensing and demand forecasting are both crucial aspects of optimizing supply chains, but they do have slightly different functions in their approach and focus. Demand sensing uses real-time data and analytics to identify and respond to immediate demand fluctuations, while demand forecasting uses historical data to predict future demand over a longer period (months or ye…
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