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Question	Answer
Demand	A need for particular product or component . The demand could come from any number of sources (e.g., a customer order or forecast, an interplant requirement, a branch warehouse request for a service part or the manufacturing of another product).
Demand Planning	Using forecasts and experience to estimate demand for various items at various supply chain. Several forecasting techniques may be used during the planning process. Often, families of items are aggregated in doing this planning. Aggregation also may occur by geographical region or by life cycle stage. Forecast demand is compared to actual demand in order to measure an increase forecast accuracy.

Demand Planning - Definitions

	Created by itspareshsharma almost 10 years ago