Asked by Lasha Petree on Jun 05, 2024
Verified
The result when each stage in the supply chain makes its own separate forecast is often a match between supply and demand because these forecasts are often very different.
Supply And Demand
Economic model describing the interaction between the availability of a product (supply) and the desire for that product (demand).
- Learn about the fundamentals of collaborative forecasting and its significance in improving supply chain management.
Verified Answer
MO
M O L E Y Y Y Y YJun 11, 2024
Final Answer :
False
Explanation :
When each stage in the supply chain makes its own separate forecast, there is a risk of mismatch between supply and demand because these forecasts might differ significantly, leading to inefficient allocation of resources and higher costs of operations. Therefore, it is important to integrate these forecasts and collaborate across the supply chain to achieve better visibility and synchronization.
Learning Objectives
- Learn about the fundamentals of collaborative forecasting and its significance in improving supply chain management.
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