Systems That Enable a Firm to Generate Demand Forecasts for a Product

question 36

Multiple Choice

Systems that enable a firm to generate demand forecasts for a product and to develop sourcing and manufacturing plans for that product best describes supply chain ________ systems.

• A) demand
• B) delivery
• C) planning
• D) execution

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Definitions:

Monthly Sales Volume

The total amount of a product or service sold by a company within the span of a month.

Fixed Cost

Costs that do not vary with the level of production or sales, such as rent, salaries, or insurance.

Monthly Sales Volume

The total quantity of products or services sold by a company in a month.

Fixed Manufacturing Cost

Costs that do not vary with the level of production or sales, such as rent for factory premises, salaries of permanent staff, and depreciation of factory equipment.