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Demand forecasting: how predictive analytics helps plan for the future

The supply chain of any business is a complex mechanism and it thrives on stability, on knowing exactly how much product is demanded in the exact place by the exact time. How do companies do that? Watch the video to find out the answer! 0:00 Empty shelves in supermarkets 0:56 How companies prepare for the future? 2:25 Traditional statistical methods 4:43 How to make advanced demand predictions 5:18 Predictive analytics in demand forecasting 6:36 What is Demand sensing? 7:18 When to use predictive analytics for demand forecasting 9:01 How to implement predictive analytics practices Learn more about AltexSoft: https://www.altexsoft.com Follow us on LinkedIn:   / mycompany   Follow us on Facebook:   / altexsoft   Follow us on Twitter:   / altexsoft   Follow us on Instagram:   / altexsoftcom   Sources: [ 1 ] https://www.washingtonpost.com/busine... [ 2 ] https://qz.com/1820138/high-priced-n9... https://www.marketwatch.com/story/air... [ 3 ] https://news.cgtn.com/news/2020-02-25... https://hbr.org/2020/03/how-chinese-c... [ 4 ] https://towardsdatascience.com/the-co... [ 5 ] https://www.altexsoft.com/blog/demand... [ 6 ]    • Heuritech Presentation   More about demand forecasting in our article: https://www.altexsoft.com/blog/demand... Music in video by Blue Dot Sessions (http://www.sessions.blue) Crosswire by Blue Dot Sessions is licensed under a Attribution-NonCommercial License (https://creativecommons.org/licenses/...) Tanguedo by Blue Dot Sessions is licensed under a Attribution-NonCommercial License.(https://creativecommons.org/licenses/...) Front Runner by Blue Dot Sessions is licensed under a Attribution-NonCommercial License.(https://creativecommons.org/licenses/...) Haena by Blue Dot Sessions is licensed under a Attribution-NonCommercial License.(https://creativecommons.org/licenses/...) Denzel Sprak by Blue Dot Sessions is licensed under a Attribution-NonCommercial License.(https://creativecommons.org/licenses/...) Manele by Blue Dot Sessions is licensed under a Attribution-NonCommercial License.(https://creativecommons.org/licenses/...) Sals Place by Blue Dot Sessions is licensed under a Attribution-NonCommercial License.(https://creativecommons.org/licenses/...) Quiet Sill by Blue Dot Sessions is licensed under a Attribution-NonCommercial License.(https://creativecommons.org/licenses/...) Dirtbike Lovers by Blue Dot Sessions is licensed under a Attribution-NonCommercial License.(https://creativecommons.org/licenses/...) Jackbird by Blue Dot Sessions is licensed under a Attribution-NonCommercial License.(https://creativecommons.org/licenses/...) Balti by Blue Dot Sessions is licensed under a Attribution-NonCommercial License.(https://creativecommons.org/licenses/...) Cloud Line by Blue Dot Sessions is licensed under a Attribution-NonCommercial License.(https://creativecommons.org/licenses/...) The Spills by Blue Dot Sessions is licensed under a Attribution-NonCommercial License.(https://creativecommons.org/licenses/...) Slow Toe by Blue Dot Sessions is licensed under a Attribution-NonCommercial License.(https://creativecommons.org/licenses/...) The Fourth Track by Schismatic (  / user-826436922  ) Video footages by Videvo, Pexels