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variablity in demand or supply is met by 2 ways
1) calculate variablity and expected customer fill rate and keep safety stock. Pls note that calculating variablity is subject in itself. Expected customer fill rate is management decision.
2) align your supply chain to reduce variablity which increases forecast accuracy. What is see as off season discounts etc are sometimes methods to cut down variablity. Again this is a big subject in itself.
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What are the determinants of effective demand?
The business environment is always volatile because it is affected by the supply and demand of the marketplace. There are many factors that can contribute to the demand in the market and this demand will likewise also affect the supply. It is important to look into each of these factors to be able to cope up with changes. One of the most important determinants of demand is the income of the customer. When the income of the customer falls then his ability to purchase goods and service is affected. Another factor that influences the demand for a product is the prices of related goods. For example, if the price of an apple falls for one particular season then you can expect the customers to buy more apples during that time frame even if they are used to buying banana. In this regard, the banana industry suffers because the customers buy the apples because of the low price. Still another determinant of demand is the shifting taste of the market. Sometimes, there are trends in the market the drives the demand of some products up while sometimes it would adversely affect the demand in the market. The taste of individuals themselves can reflect on the overall demand of the market. If some customers prefer chocolate more than coffee then you can expect the demand of chocolate to be a lot more significant compared to coffee. Your expectations in the future are also likely to affect the demand for a particular good or service right now. For example, if you are expecting to earn a lot of money in the near future then you will most likely be more inclined to spend today. On the other hand, if you expect to encounter several financial difficulties in the near future then your demand for products and services then you are likely to save your money right now. Even the number of buyers in the market has will have an overall effect on the demand because they will drive up the production of these goods. The prices of these goods will also be dependent on the demand which is created by the number of buyers. As you can see, there are many determinants of demand and as a business owner; you should know each of these determinants individually and thoroughly. This is because you are in an industry that is highly dependent on the demands of the market. Every business in the world needs to follow the trends and where the demand in the market is going in order to survive. The enumerated determinants of demands are just some of the things that will affect the demand, there are still other factors that may affect the demand more than you though possible.
How do you cope up with loss of economic support in the family?
By begining to plan your budget, or if you already do that, plan it in such a way that the current economical income will suffice. If that is impossible, then you dont cope.
What are the way to cope with demand fluctuation?
Make assumptions as to when you will be bringing in the least/most business. Use that assumption to divide up the best approach for spending throughout the year (in terms of marketing, production, etc). Ex. If January is your busiest month, and you generate $50,000 in revenue that month, Don't spend $50,000 in revenue as well
What are the reasons for Indian economy slowdown?
The current slow down is mainly political, India started to grow too fast, more and more people are moving above the poverty line, so she's not able to cope with the demand, so to deal with the supply problem the government increased interests very steeply, which is by far the main reason for the slowdown.
The roman government trying to cope with falling incomes and rising prices minted more coins this led merchants to raise prices which led to an economic condition called what?
Inflation
What Does CRM Really Mean?
CRM is really mean of: CRM Customer Relationship Management is one of the newest innovations in customer service today. CRM stands for customer relationship management and helps the management and customer service staffs cope with customer concerns and issues. CRM involves gathering a lot of data about the customer.
What has the author Sumner Marcus written?
Sumner Marcus has written: 'How small business firms in the State of Washington cope with their legal problems' -- subject(s): Small business
Can you replace a 50 gallon water heater for a 40 gallon?
Yes, that is easily done, but will it cope adequately with demand ?
What is heterogeneity in software?
Its a challenge of developing techniques for building dependable software that is flexible enough to cope with the changing customer's requirements in the future.
Why are there now more airports?
There are more airports because there is an increasing amount of air traffic with more planes being bought and flown to cope with the rising demand for air travel.
What is the birth name of Kit Cope?
Kit Cope's birth name is Kristopher Cope.
What is The Cope's population?
The population of The Cope is 110.
When was The Cope created?
The Cope was created in 1906.
What is the birth name of Noelle Cope?
Noelle Cope's birth name is Noelle Elizabeth Cope.
What are the specific reasons for using a hydraulic accumulator for energy storage?
The main reasons that an accumulator is used in a hydraulic system are so that the pump doesn't need to be so large to cope with extremes of demand, so that the supply circuit can respond more quickly to any temporary demand and to smooth pulsations.
Who are the Cope twins?
The Cope twins are Cameron Thomas Cope. And Coral Cameron Cope. Their parents are Tracy and Cameron"Crash". They have 2 sisters Amber and Clhoe
Is Cope a verb a noun or an adjective?
'Cope' is a verb.
