Transportation Economics
All three areas of demand management, production planning and logistics planning are integral to any enterprise operating its value chain efficiently and profitably. The catalyst that keeps any value chain continually operating and improving begins with understanding the aggregated demand forecasts for specific products, in addition to understanding the nuanced nature of customer's changing requirements and needs (Rexhausen, Pibernik, Kaiser, 2012). Demand management is crucial for translating forecasts and sales history into a plan that can guide production planning, while also orchestrating with logistics planning as well (Wang, Liu, 2013). Each of these three years fulfills a very unique role in triangulating the performance of a company's value chain to attain profitability and market share growth over time.
Demand Management, Production Planning And Logistics Planning
There are many aspects of demand management that vary by the type of value chain...
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