Systems That Enable a Firm to Generate Demand Forecasts for a Product

question 74

Multiple Choice

Systems that enable a firm to generate demand forecasts for a product and to develop sourcing and manufacturing plans for that product best describes supply chain ________ systems.

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

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Definitions:

Order Fulfillment Department

A unit within a company responsible for processing customer orders, ensuring products are delivered to customers efficiently and satisfactorily.

Operating Divisions

Operating divisions are distinct parts of a company that focus on specific areas of operation or markets, often acting semi-independently within the larger organization.

Variable Costs

Costs that change in proportion to the level of output or activity in the production process.

Fixed Costs

Expenses that do not change with the level of production or sales activities, such as rent, salaries, and insurance.