The Term Used to Describe the Flexibility to Deal with Demand

question 30

True/False

The term used to describe the flexibility to deal with demand volatility in a supply chain is
responsiveness.

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Definitions:

Improve Flexibility

Refers to the ability of a system or operation to adapt to changes or variations in conditions, demand, or the environment.

Total Production Streamlining

An approach aimed at enhancing manufacturing efficiency by systematically reducing waste and improving production processes.

Customer Demand

The quantity of a product or service that consumers are willing and able to purchase at various prices over a given period of time.

Source of Variation

Factors that cause diversity in data or in the characteristics of populations or samples, impacting the results of a study or process.