Sales Demand Forecasts for Your ASINs: Amazon's New Tool to Help Sellers Plan Inventory and Make Informed Decisions
Accurate demand forecasting is crucial for any business, and Amazon sellers are no exception. By understanding the expected demand for your products, you can make informed decisions about inventory levels, pricing, and marketing strategies. Amazon's Demand Forecast Tool can help you with this task.
What is the Demand Forecast Tool?
The demand forecast tool provides Amazon sellers with an estimate of future demand for their products for up to 40 weeks. These demand estimates are built using a sophisticated probabilistic forecast model that considers factors such as historical sales data, current trends, and upcoming events.
How Does the Demand Forecast Tool Work?
The demand forecast tool uses a probabilistic forecast model, which means that it provides a range of possible demand outcomes rather than a single forecast. This is because there is always some degree of uncertainty in demand forecasting.
The tool provides two prediction levels to help you understand the expected demand and the associated uncertainty:
How to Use the Demand Forecast Tool
To use the demand forecast tool, follow these steps:
Benefits of Using the Demand Forecast Tool
There are many benefits to using the demand forecast tool, including:
Additional Tips for Using the Demand Forecast Tool