Demand management is important because efficient and effective supply chains have learned to match both supply and demand.

Question

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Matching supply and demand is crucial for a successful supply chain. Demand management helps in forecasting and planning for future demands, allowing for better coordination with suppliers and ensuring that the necessary resources are available when needed. This helps to avoid overproduction or stockouts, which can be costly for businesses. Therefore, demand management is an important component of supply chain management.

Demand Management Is Important Because Efficient and Effective Supply Chains