Asked by
Isabella Mancuso
on Oct 18, 2024Verified
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.
Forecast Uncertainty
The degree of unpredictability in predicting future events, often related to demand, supply, or other market factors.
Customer Demand Data
Customer demand data encompasses information about customer preferences, purchase history, and demand forecasts that inform production and stocking decisions.
- Ascertain the influence of demand forecast precision and the process of aggregation on managing inventories.
Verified Answer
AS
Learning Objectives
- Ascertain the influence of demand forecast precision and the process of aggregation on managing inventories.
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