Asked by

Isabella Mancuso
on Oct 18, 2024

verifed

Verified

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.
verifed

Verified Answer

AS
Aamir SiddiquiOct 23, 2024
Final Answer:
Get Full Answer