Why Demand Forecasting?
TradeGecko users are small businesses. They are owners of a successful products-based businesses but limited resources on their hands, including warehouse space. As such, our customers need to strategize when and what to order so that they meet their customer's demand, while maximizing precious warehouse space.
Our customers need to be able to find the sweet spots for each product. This is called Demand forecasting, and it is one of the top requested features on TradeGecko when it comes to the Intelligence section. If not done correctly, this could lead to either overstocking or going out of stock, which are two of the biggest challenges faced by our customers in regards to inventory management.