Infor Demand Planning
A prediction is different than a forecast. A prediction foretells a future event. A forecast presents the probability that an event will occur during a specific timeframe. One is a statistic, the other a probability. For demand planning, probabilistic forecasting delivers more value—it supports better decision making about critical issues such as safety stock levels, production plans, and replenishment strategies. To make plans that help your business thrive, you need demand planning systems built to automatically recognize and manage the issues that matter, so that you can easily make realistic preparations for the most likely situations.
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