Make-to-stock environment is a traditional production strategy adopted by businesses. The motive is to match the inventory with the anticipated consumer demand.
Demand management in a make-to-order environment
A make-to-order environment is a pull-type of a production system. Here, demand in the form of an order triggers the production.
Demand management process in assemble to order (ATO) environment
A company’s manufacturing can be characterized as make-to-stock (MTS), make-to-order (MTO) and assemble-to-order (ATO).
Demand management planning process in supply chain management
Demand management is the supply chain management function that equates the capacity of the supply chain with customers’ requirements.
Challenge of demand forecasting in tourism
Forecasting the demand in tourism industry and maintaining a proper demand-supply balance is a major challenge. There is no doubt about tourism being an industry of economic, social and cultural importance for the world economy.