Question

2. What are the benefits to finding effective ways to balance these competing demands? What are some of the risks?

Answer 1

2:- The effective easy to manage the competing demands are through close monitoring of operations activities and market watch. Earimare the demand through proper forecasting methods which incorporates both external and internal requirements. In addition there should be collaborative networks and benchmarking approach to reduce the gaps and moving closer to the demand .. Strategical alliance is one way to get much more closer to the needs through enhancing operaipnal competency and capabilities. Some of the risk or challenges associated with this are interdependency, fluctuations in demand requirements, contingency requirements and planning needs, lack of support or low collaborative communication system .