A Planning Process Specifically Designed to Balance Demand and Supply

question 46

Multiple Choice

A planning process specifically designed to balance demand and supply within an organization and arrive at a consensus forecast is known as:

• A) advanced planning and scheduling (APS).
• B) collaborative planning, forecasting, and replenishment (CPFR).
• C) sales and operations planning (S&OP).
• D) distribution requirements planning (DRP).

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Definitions:

Standard Deviation

A measure of the amount of variation or dispersion in a set of values, indicating how much the values deviate, on average, from the mean.

Data Distribution

Describes how the values in a data set are spread or distributed.

Proportion of Measurements

The fraction or percentage of measurements falling within a specified range in a dataset.

Frequency Tabulation

A statistical method for organizing data into a table to show how often each different value occurs.