All the Following Are Approaches Used in Risk Pooling Within

question 16

Multiple Choice

All the following are approaches used in risk pooling within a supply chain except

• A)reducing the number and variety of parts.
• B)creating flexible capacity.
• C)encouraging large orders.
• D)combining inventories from multiple locations into one location.

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Definitions:

Forecast

The process of making predictions based on past and present data trends, commonly used in weather, economic, and business planning contexts.

Population

The entire group of individuals or items that is the subject of a statistical study.

Sampling

the process of selecting a subset of individuals from a population to estimate characteristics of the whole population.

Service Department

A division within a company that provides support services to the company's main operations, such as IT, maintenance, or human resources.