Good SCM Enables Your Company to Forecast Demand, Match Supply

question 30

True/False

Good SCM enables your company to forecast demand, match supply with demand, and fulfill the demand through optimal distribution channels.

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Definitions:

Succession Planning

A strategy for identifying and developing new leaders who can replace old leaders when they leave, retire or die, ensuring the organization's future.

Location-Specific Human Capital

Skills and knowledge acquired by workers that are particularly valuable in a specific geographic or organizational context.

Competitive Inertia

A state where a company is reluctant or unable to adapt to changes in the market, often resulting in lost competitiveness.

Cognitive Dissonance

A psychological phenomenon where an individual experiences discomfort due to holding contradictory beliefs, values, or attitudes.