A Supplier Has Decided to Improve Its Forecast Accuracy by Reducing

question 407

Multiple Choice

A supplier has decided to improve its forecast accuracy by reducing the information lead time from the retailer. Which of the following actions would be most appropriate to achieve the desired result?

• A) Eliminating sales and promotions
• B) Decentralizing demand information
• C) Reducing its quoted lead time
• D) Utilizing electronic data interchange

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Definitions:

Structuralist View

A perspective in various academic disciplines that emphasizes the importance of underlying structures in understanding social phenomena, economics, or literary interpretations.

Active Antitrust

Aggressive governmental or legal actions aimed at breaking up monopolies, promoting market competition, and preventing anti-competitive practices.

Allocative Inefficiency

Allocative Inefficiency occurs when resources are not allocated in a way that maximizes the net benefits to society, often leading to over or under-production of goods and services.

Natural Monopoly

is a situation where a single firm can supply a product or service to an entire market more efficiently than could multiple competing firms, often due to high fixed costs.