Although Planning Involves Determining How the Various Supply Chain Processes

question 55

True/False

Although planning involves determining how the various supply chain processes (sourcing, making, delivering, and returning) will be met, planning itself is not considered a supply chain process.

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Definitions:

Workforce Utilization Review

A comparison of the proportion of employees in protected groups with the proportion that each group represents in the relevant labor market.

HR Planning Process

The strategic process of identifying current and future human resources needs for an organization to achieve its goals.

Statistical Models

Mathematical representations of observed data that allow for predictions and inferences about relationships among variables.

Forecasting Labor Demand

The process of estimating the future needs for employees based on the business's operations, strategy, and external market conditions.