With a global valuation of $15.85 billion and a CAGR of 11.2%, the new dynamics of supply chain management calls for professionals skilled in advanced demand forecasting. As a result, supply chain management careers are booming exponentially. To ensure that supply chain professionals have access to the right mentors and resources, IIM Calcutta has introduced a quality executive program in operations management.
There are a variety of demand forecasting models in use today, each serving its unique application in the operations industry. Before exploring them, however, let us uncover more details about demand forecasting.