The forecast of demand forms the basis for all strategic and planning decisions in a supply chain.

Question

Quizplus · Accepted Answer

The accuracy of demand forecasts plays a crucial role in determining the levels of inventory, production, and logistics activities required to meet customer demand. The demand forecast serves as a foundation for all supply chain decision-making, including sourcing, production, transportation, and distribution strategies. Therefore, it is essential to have a reliable forecast to ensure that the supply chain operations are efficient and effective.

The Forecast of Demand Forms the Basis for All Strategic