Accurate inventory forecasts give you data to track your sales. There are four methods you can use for inventory forecasting:
- Qualitative forecasting
- Quantitative forecasting
- Sales trends forecasting
- Graphical forecasting
Each method comes with perks and cons, but we recommend quantitative forecasting for manufacturers. This method draws data from previous sales, historical inventory trends, surplus stock volumes trends, and seasonality trends.
Since Katana enables data tracking, you can start building your own inventory forecasting system and later connect to reporting tools like Easy Insight.