Question

The demand planning function initiates requisitions for:

Answer 1

Explanation:

Demand Planners play an essential role in the supply chain of a company. They use the analytical, marketing, and sales data of a company to effectively estimate future product demands. Their duties include planning inventory flow, analyzing statistical data, and generating forecasting solutions.

Answer 2

Answer:

In the manufacturing industry, the demand planning function is responsible for managing the product demand and determining the raw materials and other goods required, which influences the procurement process. Demand planning is usually managed through a suitable management system such as MRP (master resource planning).