Organizational Data Includes Simple Structured Data Elements in a Database

question 72

True/False

Organizational data includes simple structured data elements in a database.

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Definitions:

Customer Demand Data

Customer demand data encompasses information about customer preferences, purchase history, and demand forecasts that inform production and stocking decisions.

Manufacturer-Driven Substitution

A process where manufacturers suggest or implement alternative products or components to fulfill customer needs, often due to supply constraints or to offer a better value.

Aggregation Of Demand

Combining multiple demands for goods or services to gain efficiencies or insights, often used in forecasting or capacity planning.

Inventory Requirements

The specific amount of stock needed to meet customer demand while minimizing holding costs.