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The first week of college is difficult for Drew because his girlfriend is attending college in another province. His roommate says, "Don't worry, Drew, you know that absence makes the heart grow fonder." Drew bases his response on the chapter he just completed in his psychology textbook, saying:
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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