What is one major goal of demand forecasting in Materiel Management?

One major goal of demand forecasting in materiel management is to accurately predict future inventory needs. This process involves analyzing historical data, market trends, and other relevant factors to estimate the quantity of products that will be required over a specific time frame. By accurately forecasting demand, organizations can ensure they maintain optimal inventory levels, which helps reduce costs associated with excess inventory or stockouts. This strategic approach leads to a more efficient supply chain, improves customer satisfaction by ensuring product availability, and maximizes the overall operational effectiveness of the organization.

The other options do not directly align with the primary focus of demand forecasting. For instance, expanding product lines or analyzing pricing strategies may be part of broader business objectives but are not core goals of demand forecasting itself. Evaluating employee performance is unrelated to inventory needs and forecasting.