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 Demand forecasting

Demand forecasting is the process employed by businesses to determine consumer demand for a Product, thereby forecasting the production schedules to meet these demands. Forecasting methods include but are not limited to looking at the history of sales or data from test markets.

Demand forecasting can be used by businesses to assess product pricing strategies, evaluate test markets and plan promotions.

UPITag stores data so that businesses can make informed decisions related to demand forecasting. UPITag provides reports as per the business requirements to help manage production planning, product pricing, product placements and sales promotions.