A predictable demand cycle refers to the consistent and recurring pattern of consumer demand for a product or service over a specific period. This cycle can be influenced by various factors, such as seasonal trends, economic conditions, or marketing campaigns. Businesses often analyze these cycles to optimize inventory management, production schedules, and marketing strategies, ensuring they meet customer needs efficiently. Understanding predictable demand cycles helps companies reduce costs and improve customer satisfaction by aligning supply with anticipated demand.
stochastic demand is random demand. it is determined by predictable actions and a random element.
NO.
inventory built up to counter predictable variability in demand
if a customer requires a product with a short life cycle he/she may demand less of tht product
the process by which markets move to equilibrium is so predictable that economists sometimes refer to markets as being governed by the law of supply and demand.
stochastic demand is random demand. it is determined by predictable actions and a random element.
NO.
NO.
A cycle is a process with no beginning or end. Cycles involve steps that move in a predictable pattern. At the end of the cycle, you find that you are back at the beginning.The water cycle is one example of a cycle in nature.
inventory built up to counter predictable variability in demand
The changing of seasons is a cyclic and predictable event that occurs annually as a result of the Earth's orbit around the sun. Each year, the four seasons - spring, summer, fall, and winter - follow a predictable pattern in a repeating cycle.
The policy cycle
Seasons changing throughout the year is an example of a predictable change. This cycle occurs regularly and follows a set pattern based on the Earth's position in relation to the sun.
Cycle inventory - Average amount of inventory used to satisfy demand between shipments.Safety inventory - Inventory held in case demand exceeds expectations.Seasonal inventory - Inventory built up to counter predictable variability in demand.In-transit Inventory - Inventory in transit between origin and destination.Speculative Inventory - Inventory held for the reasons of speculation.Dead Inventory - Non-moving inventory.
cycle means circle. Like the cycle of water; it goes on and on in a circle. Bicycle (if you divide it up) means 2 wheels.
It is called the policy cycle.
A cycle is a sequence of events that repeats itself in a predictable pattern. This could be natural cycles like the changing of seasons or the water cycle, or man-made cycles like a washing machine cycle or the phases of a traffic light.