Demand management involves the use of forecasts to plan purchasing, production, and distribution activities.

Question

Quizplus · Accepted Answer

This statement is true. Demand management involves forecasting future demand in order to plan and coordinate purchasing, production, and distribution activities accordingly. The goal is to ensure that the right quantity of product is available at the right place and time to meet customer demand while minimizing excess inventory and related costs.

Demand Management Involves the Use of Forecasts to Plan Purchasing