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Refer to the figure. The figure shows
Data Collection
The systematic approach to gathering and measuring information from varied sources to get a complete and accurate picture of an area of interest.
Dependent Demand
Describes a situation where the demand for one product is directly tied to the demand for another, such as components required to assemble a final product.
Independent Demand
A demand for a finished product that is not dependent on the demand for other products in a company's inventory.
Demand Chain
The network of resources and processes involved in driving customer demand for products and services, as opposed to the traditional supply chain.
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