demand patterns

Demand patterns refer to how customer interest in a product or service varies over time. They can fluctuate daily, weekly, monthly, or seasonally based on factors like trends, weather, or events. Recognizing these patterns helps businesses plan production, inventory, and staffing to meet customer needs efficiently. For example, ice cream sales usually rise in summer and fall in winter, showing a seasonal demand pattern. Understanding demand patterns ensures products are available when needed and avoids overstocking or shortages, maximizing sales and customer satisfaction.