Examlex
The process of decision making requires a group to analyze a problem,debate pros and cons,and select and implement a solution..
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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