_____ is the process of using unit and rate consumption levels to forecast and estimate future consumption in an internal functional customer and providing guidance and input on how to optimize usage and educating the user on the tradeoffs.
A)Specification management
B)Demand management
C)Category management
D)Supply market intelligence
E)Cost management

Question

Quizplus · Accepted Answer

The process described in the statement is aligned with the definition of demand management, which involves estimating and forecasting the consumption of goods or services to make informed decisions about inventory levels and procurement strategies. This process also includes providing guidance and education to internal customers on optimizing usage and understanding the trade-offs involved. The other answer options (A) Specification Management, (C) Category Management, (D) Supply Market Intelligence, and (E) Cost Management, do not fully align with the definition and process described in the statement.

_____ Is the Process of Using Unit and Rate Consumption