Supply Chain Planning Systems

question 93

Multiple Choice

Supply chain planning systems:

• A) track the physical status of goods.
• B) identify the transportation mode to use for product delivery.
• C) track the financial information involving all parties.
• D) track the status of orders.
• E) track the management of materials.

---

Definitions:

Normality Requirement

The assumption that the data or residuals in certain statistical models follow a normal distribution.

Parametric Test

A type of statistical test that assumes the underlying data has a specific distribution, often based on parameters like mean and standard deviation.

Wilcoxon Signed Rank Test

The Wilcoxon Signed Rank Test is a non-parametric statistical test for comparing two matched or paired samples to assess whether their population mean ranks differ.

Test Statistic

A calculated value from data that is used to test a hypothesis in the context of statistical analysis, helping determine the probability of observing the given data under the null hypothesis.