What is forecasting? - Logistique et Supply Chain

What this episode covers

Forecasting is a key concept in management.It consists of anticipating future events using available information.Forecasting is mainly based on past and present data.Its purpose is to support decision-making and planning.Managers use forecasts to allocate resources and reduce uncertainty.There are short-term and long-term forecasts.Forecasting methods can be qualitative or quantitative.Forecasts are estimates, not exact predictions.They must be updated regularly.

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**References

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Frequently Asked Questions

How long is this episode of Logistique et Supply Chain?

This episode is 2 minutes long.

When was this Logistique et Supply Chain episode published?

This episode was published on May 18, 2026.

What is this episode about?

Forecasting is a key concept in management.It consists of anticipating future events using available information.Forecasting is mainly based on past and present data.Its purpose is to support decision-making and planning.Managers use forecasts to...

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