Which One of the Following Statements Regarding Collaborative Planning, Forecasting

question 29

Multiple Choice

Which one of the following statements regarding collaborative planning, forecasting, and replenishment (CPFR) systems is best?

• A)In CPFR, each business develops a sales and operations plan and the mainframe system reconciles these plans to find a middle ground that all businesses work towards.
• B)CPFR is a set of business processes.
• C)CPFR has the Program Management Body of Knowledge (PMBOK©)as its basis.
• D)Studies have demonstrated that manual, paper-based CPFR systems are faster and more accurate than computer-based CPFR systems.

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Definitions:

Narrative Review

A comprehensive analysis of literature on a topic, often qualitative, providing a summary and synthesis of findings.

Meta-analysis

A statistical technique that combines the results of multiple studies to identify patterns, effects, or relationships.

Literature Reviews

Scholarly papers or segments within papers that synthesize existing research on a topic to provide an overview of the state of the art and identify gaps in knowledge.

Null Hypothesis

The hypothesis, used for statistical purposes, that the variables under investigation are not related in the population, that any observed effect based on sample results is due to random error.