The Ability of a Supply Chain to Quickly Respond to Short-Term

question 61

Multiple Choice

The ability of a supply chain to quickly respond to short-term changes in demand or supply is called

• A)agility.
• B)adaptability.
• C)lean.
• D)alignment.

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Definitions:

Percentage Rates

A mathematical representation of a part or portion of a whole, expressed as a fraction of 100.

Fisher's LSD

Fisher's Least Significant Difference is a statistical method used for comparing the means of three or more groups to find if there are significant differences between them, assuming equal variances.

LSD Value

A measure in statistics known as the "Least Significant Difference," which is used to conduct post hoc tests after ANOVA to find significant differences between group means.

Sample Sizes

The number of observations or data points collected or selected from a population to be analyzed in statistical research.