What is the relation between Demand management and Production planning? - posavski-obzor.info Specialties
analysis (CPA). • Customer service • Demand management • Judgmental forecasting demand and that the relationship between cause and effect can be used. Demand Management (how an organization determines what the customer related to demand and that the relationship between cause and effect can be used. Presentation on theme: "Demand Management and Customer Service"— Presentation Creates a direct link between the consumer and the supply chain.
A key objective is to anticipate and respond to primary demand as it occurs in the marketplace. Uses available Internet-based technologies to collaborate from operational planning through execution. Developed by Wal-Mart and Warner-Lambert in Emphasizes a sharing of consumer purchasing data among and between supply chain partners. Creates a direct link between the consumer and the supply chain.
E-Commerce Success is just as much about designing and implementing the basic principles of logistics and supply chain management as it is about marketing the latest technologies. Required a more dynamic, proactive approach that recognized the value-added role of logistics supply chains in creating and sustaining competitive advantage and providing win-win outcomes.
Implementation of Standards Set standards at realistic levels. Consult customers on policies and standards.
Chapter 04 - Demand Management, Order Management and Customer Service - auknotes
Communicate standards to customers. Measure, monitor, and control customer service standards 33 Stockouts Four possible outcomes from a stockout Customers wait Back orders Lost sales Lost customers 34 Expected Costs of Stockouts 35 Channels of Distribution One or more companies or individuals who participate in the flow of goods and services from the producer to the final user or consumer.
Wide variety of firms comprise these channels. In addition, this technique includes: Time Series forecasting is that future demand is solely dependent on past demand. Cause and Effect forecasting assumes that one or more factors are related to demand and that the relationship between cause and effect can be used to estimate future demand. Examples of cause and effect forecasting include simple and multiple regression; in simple regression, demand is dependent on only one variable, whereas in multiple regression, demand is dependent on two or more variables.
Demand Forecasting Issues Demand forecasting issues include the situation at hand, forecasting costs in terms of time and money, and the accuracy of various forecasting techniques. With respect to the situation at hand, judgmental forecasting is appropriate where there is a little or no historical date.
As for time and money, survey research, for example can cost a great deal of money and also take a great deal of time depending on the media. Forecasting accuracy refers to the relationship between actual and forecasted demand, and accurate forecasts have allowed some companies to reduce transportation costs because fewer shipments need to expedite.
It suggests that supply chain partners will be working from a collectively agreed-to single forecast number or opposed to each member working off its own forecast projection. The order process consists of four main parts: Order Transmittal-refers to the time from when the customer places an order until the seller receives the order.
What is the relation between Demand management and Production planning?
Generally speaking, there are five possible ways in transmitting orders: In person greatly reduces the potential for order errors, but it is not always convenient in situations where the supplier is geographically distant b.
By e-mail more convenient than ordering in person, but mail is relatively slow and there are occasions when the order never reaches the intended destination c.
By telephone fast and convenient, but order errors may not be detected until the order is delivered d. By fax fast and convenient and provides a hard copy documentation of an order, but there is the potential for junk faxes and the quality of transmission may be problematic e.