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Forecast Demand
The process of estimating the quantity of a product or service that consumers will purchase in the future.
Level Production
A strategy that maintains a consistent production rate, regardless of fluctuating demand, to stabilize operations and minimize costs.
Chase Strategy
A demand-driven approach to workforce and production level management where output matches the demand pattern directly.
Aggregate Planning
A process in operations management aimed at determining the optimal production levels, inventory levels, and workforce levels to meet expected demand.
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