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What are the best practices for forecasting demand and managing inventory for high-demand devices?

23 Sep 2025
Supply Chain

Demand Forecasting

  • What forecasting models or techniques have proven most effective for high-demand devices, especially in volatile markets?

  • How do you incorporate external factors—like seasonality, product launches, or macroeconomic trends—into your demand forecasts?

  • What role does AI and machine learning play in improving forecast accuracy today?

  • How do you balance historical data with real-time signals (e.g., social media trends, pre-orders)?

Inventory Management

  • How does forecasting plays a role in inventory management?

  • What are the other key strategies for maintaining optimal inventory levels without overstocking?

  • How do you manage inventory across multiple channels (e.g., Hospital, ASC, Retail, distributors) for high-demand products?

  • What technologies or systems have helped streamline inventory visibility and responsiveness?

  • How do you handle inventory allocation during constrained supply situations or product shortages?

Integration & Collaboration

  • How do you ensure alignment between sales, marketing, and supply chain teams in forecasting and inventory planning?

  • What are some best practices for collaborating with suppliers and partners to improve demand visibility and inventory agility?

Metrics & Continuous Improvement

  • What KPIs do you track to measure the success of your forecasting and inventory strategies?

  • Can you share a real-world example where a change in forecasting or inventory management led to significant business impact?

Industry Expert
Mayur Chodavadiya, Global Commercial Lead, MedTech

IQVIA Laboratories