The main purpose of demand management is to estimate and manage and use this inf

Question

The main purpose of demand management is to estimate and manage and use this information to make operating decisions a channel orders vendors and suppliers customer demand SO&P; processes ERP processes Which of the following is a method that can be used to compete the accuracy of forecasts. mean absolute deviation exponential smoothing tor trends logistic regression analysis all the above a and c only Order lead time is defined as average sales per day extra inventory kept on hand to protect against stock outs the stock level at which an order must be placed the time period from when an order is placed until goods ate ready for use/sale all the above

Explanation / Answer

4.(c) Customer demand. The main purpose of demand management is to estimate and manage customer demand and use this information to make operating decision.

5. (b) Exponential smoothing for trends is a method that can be used to compare the accuracy of forecasts.

6. (d) Order lead time is defined as the time period when an order is placed until goods are ready for use/sale.

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