Examlex
As part of an exam,you are given a powder to analyze.When you perform various tests,you find that it contains a single chemical that changes the pH of neutral water to a pH of 6.You would conclude that the chemical is a
Demand Chain
The network of resources and processes involved in driving customer demand for products and services, as opposed to the traditional supply chain.
Demand Management
Strategies and practices aimed at forecasting, planning, and influencing customer demand to optimize supply chain and resources.
External Balancing
A strategy implemented to match supply and demand by adjusting capacity externally, often through outsourcing or partnerships.
Production Flexibility
Refers to a company's ability to quickly adjust its production levels and processes to accommodate changes in market demand or to exploit new market opportunities.
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