4.3 - Discussion Topic 1.docx - In order to solve this problem first we have to understand what do \u201cdemand management\u201d and \u201corder management\u201d

4.3 - Discussion Topic 1.docx - In order to solve this...

This preview shows page 1 - 2 out of 2 pages.

In order to solve this problem, first, we have to understand what do “demand management” and “order management” exactly mean. In the first place, demand management means “focused efforts to estimate and manage customer’s demand, with the intention of using this information to shape the operating decisions" (Coyle, Jr., A., & J., 2013). In other words, it is a process to forecast what and when the customers want and then try to meet their meets. On the other hand, order management indicates how the mechanisms to execute the plans (Coyle, Jr., A., & J., 2013). To be more specific, how an organization receives an order, and how it fills an order, and how it ships an order and so on (Coyle, Jr., A., & J., 2013). After understanding these two management mean, we can learn that they are basically two huge structures of how a company works. Both managements include multiple subparts and procedures as well. If there is any problem in the whole process, it can cease the operation or even cause a bigger problem in the end. For instance, if a
Image of page 1
Image of page 2

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture