Asked by Steven Walsh on Apr 25, 2024
Verified
When all stages of a supply chain produce a collaborative forecast,it tends to be
A) much more detailed.
B) much more complex.
C) much more accurate.
D) much more flexible.
Collaborative Forecast
A method where multiple stakeholders work together to predict future demand or trends, often involving the sharing of information to improve accuracy.
- Comprehend the idea of collaborative forecasting and its positive impacts on supply chain management.
Verified Answer
LA
Lulwah Abdullah6 days ago
Final Answer :
C
Explanation :
When all stages of a supply chain collaborate and provide input for the forecast, it incorporates a wide range of data and perspectives. This leads to a more accurate forecast compared to a single stage or limited stages of the supply chain providing input.
Learning Objectives
- Comprehend the idea of collaborative forecasting and its positive impacts on supply chain management.
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