Successful Collaborative Planning,forecasting and Replenishment Must Be Built on a Foundation

question 84

Multiple Choice

Successful collaborative planning,forecasting and replenishment must be built on a foundation of

• A)a common logistics carrier and data synchronization.
• B)a single forecasting approach and a common logistics carrier.
• C)data synchronization and established standards for exchanging information.
• D)established standards for exchanging information and a single forecasting approach.

---

Definitions:

Lapse of Time

The expiration of a specified duration which can affect contracts, rights, or obligations.

Delivery

The process of transporting goods from a source location to a predefined destination.

Option Contract

A legal agreement that grants a party the right, but not the obligation, to buy or sell an asset at a predetermined price and within a specified time frame.

Lease Agreement

A contract in which one party agrees to rent property owned by another party for a specified period of time, in exchange for payment.