Asked by Jason Brownlee on Jun 24, 2024
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Transforming forecasts into plans of activity to satisfy the projected demand is known as
A) supply chain coordination.
B) forecasting.
C) aggregate planning.
D) revenue management.
Aggregate Planning
A process in procurement and production planning aimed at determining necessary capacity and resources to meet anticipated demand.
Transforms Forecasts
Involves using mathematical transformations on historical data to make future predictions.
Projected Demand
An estimate of the future demand for a product or service, based on historical data, market trends, and forecasting techniques.
- Grasp the role of forecasting and aggregate planning in managing supply chain operations.
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Learning Objectives
- Grasp the role of forecasting and aggregate planning in managing supply chain operations.
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