Asked by Alina Avdeyev on May 26, 2024
Verified
The resulting accuracy of a collaborative forecast enables supply chains to be
A) more responsive but less efficient in serving their customers.
B) both more responsive and more efficient in serving their customers.
C) less responsive but less efficient in serving their customers.
D) both less responsive and less efficient in serving their customers.
Collaborative Forecast
A forecast made using input from multiple stakeholders, such as suppliers, customers, and partners, to improve accuracy and planning.
Supply Chains
The entire network of entities involved, directly or indirectly, in serving a customer with a product or service.
Responsive
The ability to quickly and accurately react to changes or inputs, often used in the context of web design or customer service.
- Grasp the concept of forecast accuracy and its importance in supply chain efficiency and responsiveness.
Verified Answer
Learning Objectives
- Grasp the concept of forecast accuracy and its importance in supply chain efficiency and responsiveness.
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