Demand-Driven Supply Chain: Definition, Benefits, and Implementation
A demand-driven supply chain (DDSC) is a modern approach where supply chain operations are primarily driven by real-time customer demand rather than forecasted demand. This system allows businesses to better meet market needs by improving responsiveness, efficiency, and flexibility. A DDSC focuses on responding to actual consumer demands in real-time, using advanced technology and data analytics. Unlike traditional models that rely heavily on demand forecasting, DDSC ensures that inventory, production, and distribution are adjusted according to market signals, making it more efficient and responsive. Shipping and logistics sector offers a variety of opportunities now with the modern technical advancements.