Discuss the Importance of Accurate Forecasting in Supply Chain Management

question 11

Essay

Discuss the importance of accurate forecasting in supply chain management, quality management, and strategic planning.

---

Definitions:

House Calls

Visits made by medical professionals to the residences of patients to provide healthcare services.

Histograms

Graphical representations of the distribution of data, in which the frequency of data points in defined intervals is shown.

Histogram

A graphical representation of the distribution of numerical data, often used to visualize the frequency of data points in consecutive intervals.

Three-dimensional Pie Chart

A graphical representation of data in the form of a three-dimensional circle divided into sectors, illustrating proportional relationships in a dataset.