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Description
Flashcards by itspareshsharma, updated more than 1 year ago
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Created by itspareshsharma
about 10 years ago
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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. |
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