The resulting accuracy of a collaborative forecast enables supply chains to be
A)more responsive but less efficient in serving their customers.
B)both more responsive and more efficient in serving their customers.
C)less responsive but less efficient in serving their customers.
D)both less responsive and less efficient in serving their customers.

Question

Quizplus · Accepted Answer

Collaborative forecasts ultimately lead to better planning and decision-making. When supply chain partners share information and work together to develop a forecast, they can more accurately predict demand and optimize their resources accordingly. This can result in a supply chain that is both more responsive to changes in demand and more efficient in serving customers, as resources are better utilized and waste is minimized.

The Resulting Accuracy of a Collaborative Forecast Enables Supply Chains