2. What is Demand Management?
Demand Management is a lean tool used to
identify all demand coming from an external
environment, manage it, & input it into a SC
within a company.
Demand management is a planning methodology
used to forecast, plan for & manage the demand
for products & services.
3. The Goal of Demand Management?
Demand Management has Three Primary Goals:
Improve forecast accuracy.
Lessen investment in inventory.
Create a more effective balance between
supply & demand.
4. What is Demand Chain Management?
Demand Chain Management (DCM) is the
management of relationships between suppliers
and customers to deliver the best value to the
customer at the least cost to the demand chain as a
whole. Demand chain management is similar to
supply chain management but with special regard to
the customers.
6. What are the different types of demand?
Individual and Market Demand
Organization and Industry Demand
Autonomous and Derived Demand
Demand for Perishable and Durable Goods
Short-term and Long-term Demand (Classification
of demand on the basis of time period)
7. How is Demand Management implemented?
Creating more transparent Supply Chain by
ensuring transparency from all suppliers
working with a company (Largest to the
Smallest).
Companies must determine, which inventory
is unnecessary and can be reduced.