______ is the process of accurately forecasting the company's demand well into the future to give the company and its supply partners a basis for the planning needed to meet demand.
A)Demand forecasting
B)Demand management
C)Demand planning
D)Demand control

Question

Quizplus · Accepted Answer

Demand planning involves the process of forecasting future demand for a company's products or services. This helps the company and its supply partners to plan production, inventory, and logistics to meet the demand. Demand forecasting is a component of demand planning, but demand planning encompasses a broader range of activities, including inventory planning, production planning, and supply chain management. Demand management and demand control also relate to the process of managing demand, but they refer to specific strategies and tactics used to influence demand in the short-term, whereas demand planning has a longer time horizon.

______ Is the Process of Accurately Forecasting the Company's Demand