Demand forecasting is an important aspect of every business and this is why all retailers need to understand this key concept. There are a lot of aspects which play an important role in maximizing profits and some of these include: market trends, consumer preferences, competitor pricing and others. Many people have a dilemma regarding their inventory turns. In case you are aiming to open a store, your inventory turns should be regularly optimized in order to prevent your business from being wiped out of the market.