Demand management Definitions
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D
Demand Planning
Demand planning is the process of forecasting the demand for a product or service so it can be produced and delivered more efficiently and to the satisfaction of customers.
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Demand signal repository (DSR)
Demand signal repository (DSR) is a database that aggregates sales data at the point of sale (POS). DSR systems capture, clean and harmonize large data sets so the data can be queried.
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K
Kaizen (continuous improvement)
Kaizen is an approach to creating continuous improvement based on the idea that small, ongoing positive changes can reap major improvements.
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L
lean manufacturing (lean production)
Lean manufacturing is a methodology that focuses on minimizing waste within manufacturing systems while simultaneously maximizing productivity.
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R
replenishment
Replenishment refers to the movement of inventory from upstream -- or reserve -- product storage locations to downstream -- or primary – storage, picking and shipment locations.
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S
What is supply chain management (SCM) and why is it important?
Supply chain management (SCM) is the broad range of activities required to plan, control and execute a product's flow from materials to production to distribution in the most economical way possible.