Managing Supplier Relationships,contracts,placement of Purchase Orders and Other Transaction Focused

question 11

Multiple Choice

Managing supplier relationships,contracts,placement of purchase orders and other transaction focused activities are _____ responsibilities: :

• A) strategic
• B) short term
• C) long term A
• D) operational B
• E) action C

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Definitions:

Exponential Smoothing

A rule of thumb technique for smoothing time series data using the exponential window function, commonly used for smoothing past data to predict future values.

Time Series

A time series is a sequence of data points collected or recorded over a specified period, showing the values of a variable or several variables over time.

Forecast

A prediction or estimate of future events, often based on analysis of current and historical data.

Exponential Smoothing

A forecasting technique that applies decreasing weights to past observations, with the most recent observations receiving the most weight.