What Is Chase Demand?

Chase Demand Strategy

Chase demand strategy is a strategy where the changes are made to the output according to the demand. The changes are related to rising or falling demand. It involves matching the demand by hiring or firing workers, controlling the level of production, and using inventories to change the demand level.

Chase demand strategy is an uncertain demand strategy where the changes to the output level will depend on the demand. The management is concerned with the changes in demand in case of chase strategy. There is a chance that the production managers will over produce during low demand periods.

The production manager might not be able to produce during high demand periods. A factory manager is working in a factory that makes empty cans for sewing machines. The manager uses a chase strategy to meet the demand of sewing machines.

The Pursuit Strategy: Matching Demands with Final Inventory

Sometimes organizations are not able to meet consumer demands because of limited supply. You might have miscalculated capacity that affected your supply. It means that planning is concerned with the amount of time that is available.

Aggregate planning methods aim to match demand supply by taking care of challenges and setbacks. The pure chase strategy is to match demands with final inventory. It absorbs demand fluctuations for successful aggregate planning.

The workforce level or output rate can be maintained. Organizations respond to changes in demand with their resources. It is not certain whether they focus on inventory or workforce.

Capacity of Service Resources in Behavioral Health Organizations

An organization can understand its capacity constraints and demand patterns. It is in a good position to develop strategies. One approach is to change the nature of the service offering depending on the season of the year.

When snow skiing is not possible, the ski resort of Whistler Mountain Canada offers its facilities for executive development and training programs. The hospital in the Los Angeles area rents out its facilities to film crews who need realistic hospital settings for their movies or TV shows. Tax preparation is done late in the year and until April 15.

Federal taxes are due in the US. During other times of the year they can focus on audits. Advertising and other forms of promotion can emphasize different service benefits during peak and slow periods, as well as communicating peak demand times to customers.

Peak demand times can be reminded by advertising and sales messages. When people are free during the day, theaters offer a variety of shows, including matinees on weekends and holidays. Business groups sometimes rent movie theaters.

It is an example of changing the service offering during a low demand period. If the price was low enough, all of the capacity could be filled with customers. The goal is always to ensure the highest level of capacity utilization.

Managing Supply and Demand in Capacity-Constrained Services

Demand supply are not always found in service situations. The horizontal axis shows whether demand for the service varies widely or narrowly over time, while the vertical axis shows whether capacity is sufficient to meet the peak demand. Capacity problems are more likely to exist in service organizations that involve physical processes than in those that involve information-based processes.

One way to smoothen the ups and downs of demand is through strategies that encourage customers to change their plans voluntarily, such as offering special discount prices or added product value during periods of low demand. A reservation or queue system is a way to ration demand. New business development efforts might be targeted at prospective customers with a counter-cyclical demand pattern if the goal is to generate demand in periods of excess capacity.

Understanding who and what the target of the service is needed to determine what strategy is appropriate. If service is delivered in person, there are limits to how long a customer can wait in line, so strategies designed to inventory or ration demand should focus on adoption of reservation systems. If the service is delivered to goods or intangible assets, then inventorying demand should be more feasible.

In some services, hourly fluctuations within a day may be relevant. Sometimes demand patterns are obvious, but in other cases they are not obvious until the data is analyzed. Services cater to children and families when school hours and vacations are different.

Peak periods for retail and telecommunications services can be found on certain holidays and times of the week. One or more causes can be identified when there are predictable patterns. Pricing is the most popular method of balancing supply and demand, but it is not as feasible for services as for goods.

Chase Bank

The developers have invested a lot of money in the Chase Bank and have great technology facilities for their customers. The process to access the account online is very easy and compatible with mobile devices. If you are not near a branch or ATM, you can easily deposit up to $2,000 per day.

Money can be transferred between accounts, wire money to a friend or family member, or pay bills from your mobile phone, all from the customers' accounts. Chase banks and ATMs are a national chain, so there may not be availability. Before opening an account, it is better to check the availability of Banks and ATMs near the place you are travelling.