In Most Supply Chains,the Key to Reducing the Underlying Forecast

question 87

True/False

In most supply chains,the key to reducing the underlying forecast uncertainty is to link all forecasts throughout the supply chain to customer demand data.

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Definitions:

Managed Efficiently

The state of being controlled or directed in a manner that maximizes productivity and minimizes waste or unnecessary effort.

Supplier Performance Index

A quantitative measure used to assess and compare the performance of suppliers, based on criteria such as quality, delivery, and responsiveness.

Supplier Activity Costs

Expenses associated with activities performed by suppliers, including procurement, delivery, and payment processing.

Customer Retention

A metric or strategy focused on keeping existing customers engaged and continuing to buy from a business over time.