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Why Use Different Tools For Dependent Demand?

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Explain the difference between the independent demand vs. the dependent demand inventory control scenarios. (What is the fundamental difference that motivates the use of different tools for dependent demand?)

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Solution Summary

The expert determines why different tools for dependent demand are used.

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Independent demand and dependent demand are both elements of inventory management and control. They are models for understanding how much of a particular item should or needs to be produced and stocked.

In the most basic terms, independent demand is generally more complex than dependent demand, particularly in terms of computations. To better understand this, let's consider the critical and main difference between both types of demand. Independent demand is ...

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