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Demand Pattern Analysis
Demand pattern analysis (DPA) is a component commonly used in supply chain management. It involves an in-depth, data-driven analysis of customer consumption data to better predict and fulfill future demand. It can be used, for instance, to determine electricity consumption in power companies to determine if the amount of power available to customers should be increased.
What Small and Midsize Businesses Need to Know About Demand Pattern Analysis
A small business may conduct demand pattern analysis on their own utility use, thus enabling them to find consumption plans that better suits their needs and ensure that they are not wasting any money on how they purchase items like electricity or data usage. Doing so can ensure that they are achieving maximum efficiency and cash savings.
Related terms
- Procurement
- Bill of Materials (BOM)
- Advanced Driver Assistance Systems (ADAS)
- Smart Factory
- Strategic Sourcing
- Value-Added Reseller (VAR)
- Telematics
- Supply Chain
- Vendor
- Enterprise Resource Planning (ERP)
- Supply Chain Planning (SCP)
- Scanner
- SCADA (Supervisory Control and Data Acquisition)
- Total Quality Management (TQM)
- Vendor Management
- Senpai
- Radio-frequency Identification (RFID)
- Loopback
- Total Cost of Ownership (TCO)
- Electro Mobility (e-Mobility)
