Supply Chain Glossary - D

Supply Chain Glossary - D

derived demand

Demand for component products that arises from the demand for final design products. For example, the demand for steel is derived from the demand for automobiles.

The conversion of a need or innovation into a product, process, or service that meets both the enterprise and customer expectations. The design process consists of translating a set of functional requirements into an operational product, process, or service.


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