
Forecasting Raw Material Demand for Procurement Planning
📄 Prompt Template
Develop a demand forecast for key raw materials needed in [upcoming production cycles], taking into account historical usage patterns, planned production orders, and any projected changes in demand. Use a combination of historical sales data and forecast models to predict material needs for the next [timeframe]. Ensure that the forecast accounts for seasonality, supplier reliability, and market conditions that may affect raw material prices. Based on this forecast, create a procurement plan that includes suggested order quantities and timing for each material.