Scenario Analysis and the Delphi Technique Can Both Be Classified

question 5

Multiple Choice

Scenario analysis and the Delphi technique can both be classified as ____ of forecasting human resource needs.

• A) mathematical methods
• B) judgmental methods
• C) modeling methods
• D) statistical methods

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Definitions:

Logistics

The detailed coordination of a complex operation involving many people, facilities, or supplies, in the movement of products or materials.

Integrated Supply Chain

An integrated supply chain is a cohesive system where every stage, from supplier to customer, is effectively coordinated and managed to optimize efficiency and reduce costs.

Raw Material Procurement

The process of acquiring the basic materials needed for production or manufacturing.

Supply Chain Management

The oversight and management of the flow of goods and services, including all processes that transform raw materials into final products.