How can a business accurately forecast demand to plan it's production?

[Min George]

As far as business is involved with production, it must plan the process of production. And that involved the business being able to forecast it's demand.

What are the tips that a business can use to forecast the demand for its products to the nearest perfection?

 

[Trush Jodie]

If the business keeps a proper record of sales, it would be able to effectively predict the sales within the organization.

 

[Kross]

When the business has operated for long and has been studying trends over years, it can forecast it's demand.

 

[Augusta]

Maybe one can take a survey to find out more information about this. it would be helpful that way

 

[eLdavis]

The business can do this through research. Through your previous sales you can find out what is in high demand, then make outside research as well to see what people are constantly buying.

 

[Springtime]

One way is to check out the previous sales record and see which products are in high demand. Another is to do research on the future demand of the product. The owner should also take note of the economy. If the economy is good, people tend to spend more.