Demand Management
The practice of forecasting, planning, and managing the demand for resources to ensure that the best use is made of them.
Also Known As
- Capacity Planning
- Demand Forecasting
- Demand Planning
- Resource Planning
- Resource Scaling
Related
Addresses / Mitigates
- Scarcity Risk: Helps in efficiently allocating resources to meet the demand without overburdening the team.
- Deadline Risk: Ensures that the demand is managed to meet delivery schedules.
- Market Risk: Aligns production with market demand, reducing the risk of under or overproduction.
Attendant Risks
- Complexity Risk: Forecasting and planning demand can add complexity to project management.
- Funding Risk: Inaccurate demand forecasts can lead to resource misallocation.
Description
"Demand management is a planning methodology used to forecast, plan for and manage the demand for products and services. It is a key process in supply chain management." - Demand Management, Wikipedia
Demand Management involves forecasting, planning, and managing the demand for products or services to ensure they align with business objectives and customer needs. This practice helps in balancing supply and demand, optimizing resource utilization, and enhancing customer satisfaction by ensuring timely delivery of products or services.
TODO: buffers, queues, pools, kanban
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