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Stock Management and Demand Forecasting System for Karunarathna Shopping Center A dissertation submitted for the Degree of Master of Information Technology. R. Sandaruwani University of Colombo School

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How to fill out demand forecasting and inventory

01

Collect historical data on demand for the product or service.

02

Analyze trends in demand patterns to identify seasonality or fluctuations.

03

Use statistical methods or forecasting models to predict future demand.

04

Consider factors such as upcoming promotions, changes in market conditions, or competitor actions.

05

Calculate safety stock levels to account for variability in demand and lead times.

06

Update the forecast regularly based on actual sales data and adjust inventory levels accordingly.

Who needs demand forecasting and inventory?

01

Retailers who want to ensure they have enough inventory to meet customer demand.

02

Manufacturers who need to plan production schedules and raw material purchases.

03

Distributors who want to optimize their warehouse and transportation costs.

04

Service providers who need to allocate resources efficiently based on expected demand.

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What is demand forecasting and inventory?

Demand forecasting is the process of making estimations about future customer demand. Inventory refers to the goods and materials a business holds for the purpose of resale.

Who is required to file demand forecasting and inventory?

Businesses that rely on inventory management are typically required to file demand forecasting and inventory reports.

How to fill out demand forecasting and inventory?

Demand forecasting and inventory reports can be filled out by analyzing historical sales data, market trends, and other relevant factors.

What is the purpose of demand forecasting and inventory?

The purpose of demand forecasting and inventory management is to ensure that a business has the right amount of stock to meet customer demand while minimizing carrying costs.

What information must be reported on demand forecasting and inventory?

Information such as sales data, inventory levels, lead times, and market trends must be reported on demand forecasting and inventory reports.

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