What is the purpose of applying remaining demand in the Demand Advisor?

In the context of the Demand Advisor, applying remaining demand serves an integral role in analyzing and measuring performance relative to predicted outcomes. This application allows businesses to compare actual performance against forecasts effectively. By examining the remaining demand, organizations can identify any discrepancies between expected and actual bookings, leading to insights about demand trends, customer behavior, and operational efficiency.

This comparative analysis is critical for adjusting strategies, optimizing inventory, and enhancing overall demand planning processes. Understanding how actual results stack up against forecasts provides valuable feedback for future decision-making and helps in refining predictive models.

While estimating future bookings, managing pricing strategies, and creating alerts for system failures are all significant aspects of demand management and operational efficiency, they do not directly relate to the specific purpose of applying remaining demand in the Demand Advisor. The core function lies in performance comparison and analysis, illuminating areas that may need adjustment or further investigation.