Demand chain
Contents |
[edit] Introduction
A firm wanting to bring its goods or services to market must undertake a series of activities that may include designing, manufacturing, marketing, sales, delivering and supporting the product (after sales). This comprehensive suite of activities is called the value chain and is split into two halves: demand chain and supply chain.
[edit] Demand chain
The demand chain is concerned with all the activities a firm undertakes to generate the demand for its goods and services, so it includes marketing, sales and service. As the demand chain drives demand, and demand comes from customers, it is customers that must be directly and successfully influenced by demand chain activities.
Managing a demand chain involves managing the relationships between customers and suppliers so that maximum value is created for the customer while the demand chain overall incurs minimal costs.
[edit] Supply chain
In contrast, the supply chain – the other half of the value chain – encompasses those activities (purchasing, manufacturing and distribution undertaken by companies and people) that are needed to transfer products from suppliers to customers. So, turning natural resources, raw materials and components into finished products that are eventually delivered to customers is typical of supply chain activities.
Many activities in the supply chain may be performed by individual companies which, while they form part of the chain of supply have no direct link or even interest in other supply chain firms.
[edit] Related articles on Designing Buildings Wiki
Featured articles and news
COP28 and the Path Ahead for Industry
The last few days and the need for action over the next decade.
Finalists for 2024 CIOB Awards revealed
80 construction leaders and companies from across the UK.
Health and Safety Training for Construction Employers
A brief run through essential training tips from a user.
3D Laser Scanning in Building Construction
A comprehensive guide from a Cohesive BIM wiki user.
BIM for structural reinforcement modelling
From the basics to the future from our Cohesive BIM wiki.
ECA skills recharge at the House of Commons
As electrical sector feels skills shortage bite.
The impact of pandemic and new legislation on courses
CIOB Academy’s course take-up inked to external factors.
An artist, philanthropist and ex-Army helicopter pilot
Q and A with self-representing artist, Hannah Shergold.
Building Safety Regulator appoints permanent director
And publishes three-year strategic plan.
Update on the Energy Savings Opportunity Scheme (ESOS)
Introducing changes to make it more effective from 2024.
2023 CIOB photography competition
Shortlist announced for 2023 public choice award vote.
The last of the Victorians. Book review.
Grimsby's Kasbah: where’s that?
An exotic name that is shrouded in mystery.
This weeks guest editor, Ankita Dwivedi of Firstplanit.
Fropm practice to research and the business of materials.
Terms, histories, theories and practices.
Types of work to existing buildings - repurposing of buildings
Alteration and everything else before demolition.