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Simplify. Write the answer using positive exponents only.
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Collaborative Planning
A strategy where multiple stakeholders work together to forecast demand, share information, and ensure supply chain efficiency.
Forecasting
The process of making predictions about future events, trends, or behaviors based on historical data and analysis.
Replenishment
Entails the process of replenishing inventory or stock to ensure a continuous supply of products to meet customer demand.
VMI System
Vendor-Managed Inventory System; a streamline approach where the supplier is responsible for maintaining the buyer's inventory levels, often based on shared data.
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