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Demand-chain management (DCM) is the management of relationships between suppliers and customers to deliver the best value to the customer at the least cost to the demand chain as a whole. Demand-chain management is similar to supply-chain management but with special regard to the customers. [2] Demand-chain-management software tools bridge the ...
Demand chain. In business, a demand chain is the understanding and management of customer demand, in contrast to a supply chain. Madhani suggests that the demand chain "comprises all the demand processes necessary to understand, create, and stimulate customer demand ". [1] Cranfield School of Management academic Martin Christopher has suggested ...
Teradata Corporation. Teradata Corporation is an American software company that provides cloud database and analytics-related software, products, and services. The company was formed in 1979 in Brentwood, California, as a collaboration between researchers at Caltech and Citibank 's advanced technology group. [2]
Demand forecasting. Demand forecasting, also known as demand planning and sales forecasting (DP&SF), [1] involves the prediction of the quantity of goods and services that will be demanded by consumers or business customers at a future point in time. [2] More specifically, the methods of demand forecasting entail using predictive analytics to ...
Demand management. Demand management is a planning methodology used to forecast, plan for and manage the demand for products and services. This can be at macro-levels as in economics and at micro-levels within individual organizations. For example, at macro-levels, a government may influence interest rates to regulate financial demand.
Demand sensing. Demand sensing is a forecasting method that uses artificial intelligence and real-time data capture to create a forecast of demand based on the current realities of the supply chain. [1][2] Traditionally, forecasting accuracy was based on time series techniques which create a forecast based on prior sales history and draws on ...
Supply-chain-management software. Supply-chain-management software (SCMS) is the software tools or modules used in executing supply chain transactions, managing supplier relationships and controlling associated business processes. Supply chain management maximizes the efficiency of business activities that include planning and management of the ...
Supply chain management is a cross-functional approach that includes managing the movement of raw materials into an organization, certain aspects of the internal processing of materials into finished goods, and the movement of finished goods out of the organization and toward the end consumer.
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