Actual Demand
Actual demand refers to the true quantity of a product or service that customers request over a specific period. It is a critical metric for supply chain and inventory management, as it helps businesses forecast future demand and plan their production and stocking strategies.
Related glossary terms
Market Demand
Market Demand refers to the total quantity of a product consumers are willing to purchase at a given price, guiding supply chain planning and inventory…
Lead Time
Lead Time is the total time from placing an order to receiving it, encompassing order processing, production, and transit, essential for managing inventory…
Just-In-Time (JIT) inventory
Just-In-Time (JIT) inventory is a supply chain strategy that receives goods only as they are needed in production, minimizing holding costs and storage…
Key Performance Indicator (KPI)
Key Performance Indicator (KPI) is a measurable logistics metric—such as on-time delivery rate or inventory turnover—used to evaluate and guide operational…
