Almost all operational planning activities start with some estimate of what customers’ demand will be. Dicuss the two major elements associated with Demand Planning- be sure to provide sufficient examples to support your discussion.
Expert Answer
Two major elements of demnd planning are:
Changing tastes and preferences of people: The demand will largely depend on the fluctuating behaviour of the people, changing preferences would mean that the demnd would be less for the existng product and henc ethis should be kept in mind while starting with all the major operational activity
Example: People started usuing touch screen phones and the keypad
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