Asked by court Adams on Jun 24, 2024
Verified
The result of each stage in the supply chain making its own separate forecast is
A) an accurate forecast.
B) a more accurate forecast.
C) a match between supply and demand.
D) a mismatch between supply and demand.
Supply And Demand
The fundamental economic model describing the interaction between the quantity of goods available for sale and the consumers' willingness to purchase them at a certain price.
- Understand the principles of collaborative forecasting and its advantages within the realm of supply chain management.
Verified Answer
BC
Brianna CostelloJun 26, 2024
Final Answer :
D
Explanation :
Each stage in the supply chain making its own separate forecast can lead to a mismatch between supply and demand. This is because each stage is making a forecast based on its own assumptions and information, which may not necessarily align with the actual demand from the end customer. This can create issues such as excess inventory or stockouts if the forecasts are inaccurate. Therefore, it is important for the different stages in the supply chain to collaborate and share information to create a more accurate forecast.
Learning Objectives
- Understand the principles of collaborative forecasting and its advantages within the realm of supply chain management.
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