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Unformatted text preview: Demand forecasting Demand tracking Demand management-Three Approaches + one o Demand Forecasting seeks to use inputs to predict what and when demand will occur o Demand Tracking Seeks to tell management what has just happened which in turn may be used to project what will happen in the near future o Types of demand tracking tools. Nave forecasts Tomorrow will be like today Weighted averages Exponential Smoothing o Demand management seeks to dissolve the problem by making demand occur in patterns more suitable to businesses capacity profile o And another way to dissolve this problem is through collaborative endeavors which try to provide superior information throughout the supply chain by having the supply chain players share their info....
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