Which of the Following Enables a Firm to Generate Demand

question 73

Multiple Choice

Which of the following enables a firm to generate demand forecasts for a product and to develop sourcing and manufacturing plans for that product?

• A)Supply chain demand system
• B)Supply chain delivery system
• C)Supply chain optimization system
• D)Supply chain execution system
• E)Supply chain planning system

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Definitions:

Cost of Goods Sold

The immediate expenses related to producing the goods that a company sells, which involve both materials and labor.

Beginning Inventory

The cost of products on hand for selling at the commencement of an accounting cycle.

Inventory Turnover

A financial ratio measuring how many times a company's inventory is sold and replaced over a period.

Cost of Goods Sold

A duplicated term; refers to the direct costs attributable to the production of the goods sold by a company, including material and labor costs.