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Forecasting demand is the key to accurate purchasing decisions: most companies are missing out on critical information that could help them make better buying decisions. Demand forecasting software can help.

Publication: Metal Center News
Publication Date: 01-JUL-08 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
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The metals business can be volatile. Rapidly rising steel prices and strong foreign demand are currently changing the market in many ways. Forecasting customer demand in order to make accurate purchasing decisions is more important than ever.

Many companies employ experienced purchasing agents who "have a feel for the market." Other companies may have software programs that offer low-stock reports or other basic tools to help purchasing agents. However, most companies are missing out on critical information that can help them make the best possible purchases--the ability to project demand on an item-by-item basis...

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