Examlex
What is a heuristic? Describe two common types of heuristics used in organizational decision-making.
Steps
The individual phases or actions taken in a process or procedure to achieve a particular end result.
Methodology
A system of methods used in a particular area of study or activity, often implying a structured or systematic approach.
Flexible Global Supply Chain
A supply chain designed to swiftly adjust to changes in demand, supply, and market conditions worldwide.
Demand Uncertainty
The unpredictability of consumer demand for a product or service, making planning and forecasting challenging.
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