InterviewSolution
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InterviewSolution
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Explain demand planning and management process you have handled as part of Supply Chain? |
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Answer» Demand management is used to forecast, manage and plan the demands of goods and has defined set of processes and capabilities to produce goods. This component is used to improve the demand planning by utilizing promotions. Based on historical sales data, you can handle demand for every store, product from different customers and hence you can see customer responses as per change in pricing policies, and profit for a particular product in the organization. You use demand models to predict consumers’ reaction with price change. As per organization goals like - increase profit, revenue, etc. you can define selling strategies for the products. |
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