Demand management involves which of the following undertakings?

Demand management involves a proactive approach to understanding and influencing demand patterns. Here's how:

Event Analysis: It includes analyzing events such as market trends, economic indicators, and competitive actions that could impact future demand.

Demand Shaping: Managing activities like promotions, pricing strategies, and marketing campaigns to shape demand in a way that aligns with supply capabilities.

Customer Insights: Gathering and analyzing customer feedback and preferences to anticipate changes in demand.

Coordination: Collaborating with different departments (e.g., marketing, sales, and operations) to ensure alignment and responsiveness to demand changes.

Effective demand management requires a comprehensive understanding of various factors that influence demand and actively managing these elements to optimize supply chain performance.