Forecast vs. Plan: Key Differences and How They Drive Business Success

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Understanding the difference between a forecast and a plan is crucial for business success. In this video, we break down how forecasting predicts demand based on actual performance, while planning focuses on business goals and execution. Learn how to leverage both to improve decision-making, inventory management, and resource allocation. Whether you're in sales, operations, or supply chain management, mastering these concepts will help you stay ahead in the market.

Key topics covered:

What is a Forecast?
What is a Plan?
How Forecasting and Planning differ
How to align your business strategy with operational execution
Importance of Forecasting in Sales & Operations Planning (S&OP)
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