Responding to random event called 'Sales'
'Demand Planning' has been in vogue for a while . Simply put its ancipating the probability of occurance of an event called 'Sales' led by an action by an entity called 'Customer'. Sometimes 'Consumer'. Supply Chains have gotten themselves equipped with all possible ammunition to meet the 'demand' in the most efficient way. Processes have been laid down to forecast, parameters for identification of variations are more than what humanly is identifiable and demand planning process is an obession for most of the stake holders in the organisation. Network Analysis and Decisions have been the core of Supply Chain Design which dominantly exists for aligning and synchronising the supply side with demand (read: what the customer may need). Inventory policies are laid down with identification of safety stocks and reorder levels. In the supply chains which are mutli organisations and geographies, 'technology' becomes the back bone of the planning...