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True/False Outbound-to-customer logistics systems are also referred to as physical distribution. Materials management and physical supply are terms that cannot be used interchangeably. Demand management
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- Outbound-to-customer logistics systems are also referred to as physical distribution.
- Materials management and physical supply are terms that cannot be used interchangeably.
- Demand management might be defined as focused efforts to estimate and manage customers' demand, with the intention of using this information to shape operating decisions.
- Dependent demand is directly influenced by independent demand.
- The essence of demand management is to manage customer demand so that overstocks are reduced and margin can be maintained.
- External balancing methods involve managing production and inventory flexibility to help offset the imbalance of supply and demand.
- A weighted moving average assigns higher weights to more recent periods.
- Adjusting a forecast for seasons basically uses a combination of seasonal factors and average demand to arrive at an adjusted forecast.
- A sales and operations planning process (S&OP) can produce a forecast internally that all functional areas agree upon and can execute.
- Collaborative planning, forecasting, and replenishment (CPFR) has not been seen as a good process as it excludes transportation.
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