Firms Boost Customer Value by Shifting to Demand Chain Management
The article discusses how companies can improve their competitiveness by shifting focus from managing the supply chain to managing the demand chain. Supply chain management (SCM) helps match supply with demand efficiently, but it doesn't consider what customers value. To increase customer satisfaction, firms need to understand customer preferences and create value propositions. By adopting a demand chain management approach, companies can enhance their market responsiveness and gain a competitive edge.