Asked by Filip Horá?ek on Jun 03, 2024
Verified
What are any four ways that a supply chain can help reduce the impact of uncertain demand and which is most appropriate to use?
Uncertain Demand
The unpredictability of customer demand due to various factors such as market trends, seasonality, and economic conditions.
Supply Chain
A network of businesses and activities involved in the creation and delivery of a product or service from the raw material stage through to the end customer.
- Explain how supply chains can mitigate the impact of uncertain demand.
Verified Answer
ZS
Zainab SaeedJun 08, 2024
Final Answer :
Answers will vary.Capacity,inventory,time,information,and price are the five levers that a supply chain can use to deal with this uncertainty.The implied uncertainty that a supply chain needs to absorb depends on the needs of the customer segment(s)targeted.To achieve strategic fit,a supply chain must find the right balance between investments in the five levers to effectively serve the target customer segment(s).
Learning Objectives
- Explain how supply chains can mitigate the impact of uncertain demand.
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