The supply chain is a critical part of any business, yet it is often overlooked or not given the attention it deserves. A business’s supply chain encompasses the entire process of bringing a product or service to market, from raw materials to finished goods.
What do you think of when you hear the word “logistics”? If you’re like most people, you probably think of it as the process of getting goods from point A to point B.And while that’s technically true, logistics is so much more than that.
Logistics forecasting is the process of predicting future demand for goods and services in a supply chain. The goal of logistics forecasting is to ensure that the correct level of goods and services are available when and where they are needed.