Supply Chain Management > Common Learning Block 2 Practice Questions > Flashcards
An estimate of a company’s future needs is called:
Demand forecasting
The basis for a credible demand plan is derived from the:
Demand forecast
To support the sales forecast, the demand plan defines the needed:
Inventory and resources
The demand planning function initiates requisitions for:
Procurement
The demand plan attempts to achieve a balance between supply elements and:
Anticipated consumer demand