Description
Collect, analyse and calculate the demand of products and services based on reports and purchasing activity of customers.
Alternative labels
estimate products’ demand
forecasting products’ demand
forecast demand for products
predict products’ demand
forecast product’s demand
Skill type
skill/competence
Skill reusability level
cross-sector
Relationships with occupations
Essential skill
Forecast products’ demand is an essential skill of the following occupations:
Rental manager: Rental managers supervise the activities of a rental office or station and its staff.
Optional skill
Forecast products’ demand is optional for these occupations. This means knowing this skill may be an asset for career advancement if you are in one of these occupations.
Supply chain manager: Supply chain managers plan, manage and coordinate all activities related to the sourcing and procurement of supplies needed to run manufacturing operations from the acquisition of raw materials to the distribution of finished products. The supplies can be raw materials or finished products, and it can be for internal or external use. Moreover, they plan and commission all the activities needed to be performed in manufacturing plants and adjust operations to changing levels of demand for a company’s products.
Forecast manager: Forecast managers have a deep understanding of the operations of the company, the inventory levels, production batches, requirements and costs of production per product, and trends in the demand levels. They use all that information in combination with forecasting software in order to define production orders aiming for the most efficient production combinations.
References
- Forecast products’ demand – ESCO