Which of the Following BEST Describes Analytics

question 63

Multiple Choice

Which of the following BEST describes analytics?

• A) It uses complex mathematical models to help retailers make better product mix decisions.
• B) It is a relatively new method of inventory control.
• C) It determines the level of quality and service desired by customers.
• D) It is a computerized technique for making site location decisions.

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Definitions:

Supply Chain Management

The administration of the flow of goods and services, involving the movement and storage of raw materials, of work-in-process inventory, and of finished goods from point of origin to point of consumption.

Supply Chain Strategy

A plan for managing all the steps necessary to produce and deliver products or services to customers, from sourcing raw materials to the final delivery.

Distribution Channels

The chain of businesses or intermediaries through which a good or service passes until it reaches the end consumer.

System

A set of interacting or interdependent components forming an integrated whole.