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Explain the need for demand planning and three approaches to forecasting.

Logistics Supply Chain Demand Warehouse Management Warehousing
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Question added by Sooraj Kareepadath , Assistant Manager Operations , CCCTAV JV OMAN
Date Posted: 2016/04/30
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Nitin Choudhary
by Nitin Choudhary , Assistant Manager - Planning & Inventory Management , Green Planet Industries

Demand planning is majorly forecasting and ensuring how that forecast is fulfilled.

Forecasting can be done based on various matrices. Most common of which are :

- Linear forecast (Most simple)

- Regression

- Multi Echelon Forecasting (Most relevant in industry)

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