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Concept
Demand Variability
Demand variability
refers to the fluctuations in
customer demand
for a product or service over a given period, which can significantly impact
inventory management
, supply chain efficiency, and
production planning
. Understanding and managing
Demand variability
is crucial for businesses to minimize costs, optimize
resource allocation
, and improve
customer satisfaction
by ensuring
product availability
.
Relevant Degrees
Production Engineering and Planning 60%
Price Formation and Costs 30%
Probability and Statistics 10%
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