If Supply Chain Members Share Inventory Information,they Can ______

question 61

Multiple Choice

If supply chain members share inventory information,they can ______.

• A)coordinate their individual operations
• B)update their forecasts independent of other supply chain members
• C)fix prices to improve profit margins
• D)influence demand elasticity

---

Definitions:

Safety Stock

Inventory kept on hand as a buffer against variability in demand or supply, to avoid out-of-stock situations.

Standard Deviation

A measure of the dispersion or spread of data points in a data set, indicating how much variation there is from the average.

Service Level

A measure of the quality of service provided by a business, often evaluated against customer expectations or industry standards.

Single-Period Order Model

A decision-making tool used in inventory management for products with a limited lifespan, focusing on optimizing order quantities for a single selling period.