What is Supply And Demand Management ?

Supply and demand management is the process of balancing supply with demand in order to meet the needs of an entire market. The goods that are produced or services that are provided must be available when they're needed, and their price must be affordable to everyone who wants it. This balancing act is done by a variety of methods, from open markets to supply cartels. There's no one way to manage supply and demand; it depends on the industry and company.