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Enterprise glossary and term center
Research and understand all the intricate terms and definitions that surround the ecosystem of enterprise resource planning (ERP), enterprise software and no-code tools.
- Enterprise terms
- Forecasting
- What is the need of forecasting?
Forecasting - What is the need of forecasting?
Forecasting is an approach to determine what the future holds. It is an estimate of what the future will look like that every function within an organization needs in order to build their current plans. Today, all organizations operate in an atmosphere of uncertainty.
