Which of the Following Helps Improve Supply Chain Forecasting Performance

question 69

Multiple Choice

Which of the following helps improve supply chain forecasting performance?

• A)contracts that require supply chain members to formulate long-term forecasts
• B)penalties for supply chain members that adjust forecasts
• C)sharing forecasts or demand data across the supply chain
• D)increasing lead times for critical supply chain members
• E)increasing the number of suppliers at critical junctures in the supply chain

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Definitions:

Competing Business Opportunities

Different prospects or avenues through which a business can grow or expand in the market, often requiring prioritization and strategic choice.

Product Life Cycles

The stages through which a product passes from its development to eventual withdrawal from the market, including introduction, growth, maturity, and decline.

Adjusting Strategy

The process of modifying business strategies in response to changes in the internal or external environment.

Managing the Growth Curve

Strategies and processes aimed at navigating a company through various stages of business expansion and development.