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Home > QFINANCE Dictionary > Definition of demand management

Definition of

demand management

Operations & Production

predicting and meeting customer demand the supply chain activity of forecasting, effectively planning for, and meeting customer demand for a product

Recommended Further Reading (Term count)
  • Countering Supply Chain Risk
    by Vinod Lall
    In March 2000, a fire at a Philips semiconductor factory damaged some components used to make chips for mobile phones. Ericsson and Nokia—two of Philips’ major customers—responded to the event in very different ways. Ericsson decided to let the delay take its own course, while supply chain managers at Nokia monitored the situation closely and developed contingency plans. By the time Philips discovered that the fire had contaminated a large area...
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Definitions of ’demand management’ and meaning of ’demand management’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’demand management’ and other financial terms with our online QFINANCE Financial Dictionary.

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