Asked by
Alania Bryan
on Dec 02, 2024Verified
The essence of demand management is to estimate and manage customer demand so that demand and supply are balanced to the point where there are zero stockouts and zero safety stocks.
Demand Management
The process of forecasting, planning, and managing the demand for products and services to optimize resources and ensure alignment with supply capabilities.
Safety Stocks
An inventory management method aimed at preventing stockouts by maintaining a predefined level of extra stock for products.
- Gain insight into the concept and criticality of demand management in the context of the supply chain.
Verified Answer
MR
Learning Objectives
- Gain insight into the concept and criticality of demand management in the context of the supply chain.
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