Analysing Product and Service Design and Forecasting in Supply  and Future Demand Has Been Providing Crucial Elements in Supply Chain Management

Analyzing product and service design and forecasting in supply in supply and future demand has been providing crucial elements in supply chain management. Ideally, regular communication and provision of detailed information for the supply chain to respond promptly and effectively are significant in future demand and supply. Substantial arrays of evidence posit that compilation of supply chain flexibility are crucial for lean approach coordination in the demand and supply chain.

Appropriate long term relationships, developing third party logistics, joint productions with suppliers, offering alternative transportation modes, supplier quality managements program, outsourcing, inventory buffers, using advanced technologies in production, standardization and modularity as well as advanced design technologies are some of crucial factors of production that guarantee opportunities in product design success and assists industries in having a competitive edge in the business industry (Liu et al., 2019). Integrating supply chain in product design
applies all levels of collaboration and coordination approaches depending on the specific demand and supply attributes for the supply chain.

Product design provides opportunities for integrating a higher efficiency and competency for customer service, reduction of operating costs, compression of time to market and reducing demand and supply.

One major issue in modern enterprises is that individual businesses do not compete as sole entities but rather as supply business enterprises. Different researchers and scholars argue that the management of business is not a chain of businesses but rather a networking of businesses and business owners are gaining understanding of the integration and coordination of important business processes across all individuals in the supply chain management so as to determine the effectiveness of single businesses.