Independent Demand Notes: Definitions & Explanations PDF | Download eBooks
Study Independent Demand lecture notes PDF with supply chain management definitions and explanation to study “What is Independent Demand?”. Study independent demand explanation with SCM terms to review supply chain management course for online MBA programs.
Independent Demand Definition:
Demand that is not obviously or directly dependent on the demand for another product or service.
Operations Management by Nigel Slack, Alistair Brandon-Jones, Robert Johnston
Independent Demand Notes:
Models for the administration of things whose request isn't firmly impacted by different things overseen by a similar organization. These models can be described as pursues: (1) stochastic or deterministic, contingent upon the changeability of interest and different components; (2) fixed amount, fixed cycle, or half breed - (discretionary renewal). Albeit autonomous interest is called along these lines, it can even now be impacted by financial elements outside to the interest supply model, for example, general purchaser opinion and customers' accessible transfer salary. Be that as it may, organizations that need to foresee the quantity of items with autonomous interest expected to satiate their clients have it simpler than organizations that must figure the interest for items with ward request in light of the fact that there are less factors to consider.
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