Which of the Following Is NOT True About Collaborative Planning,forecasting,and

question 38

Multiple Choice

Which of the following is NOT true about collaborative planning,forecasting,and replenishment (CPFR) ?

• A) The basic idea is to share forecasting information with the suppliers and customers in the supply chain.
• B) It is best applied to business-to-business relationships.
• C) It creates visibility in the supply chain, minimizing the occurrence of the bullwhip in supply chains.
• D) It requires advanced forecasting tools such as Box-Jenkins to improve the forecasting accuracy.

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Definitions:

Vocabulary

The set of words known and used by a person in a language.

Harry Bahrick

A psychologist known for his research on memory, including the durability and retrievability of long-term memories.

Forgetting Curve

A graphical representation of the decline of memory retention over time, illustrating how information is lost when there is no attempt to retain it.

Ebbinghaus

Refers to Hermann Ebbinghaus, a German psychologist famous for his research on memory and learning, particularly known for the forgetting curve and the spacing effect.