In supply chain management, in a CPFR system, a gap between forecasts made by two sides is termed a(n)?
Understand the Problem
The question is asking for the specific term used in supply chain management, particularly within Collaborative Planning, Forecasting, and Replenishment (CPFR) systems, to describe a discrepancy or gap between forecasts made by two parties. We're looking to identify the terminology used in this context.
Answer
exception
The final answer is exception.
Answer for screen readers
The final answer is exception.
More Information
In supply chain management using CPFR (Collaborative Planning, Forecasting, and Replenishment), when the forecasts by two parties do not align, it is referred to as an 'exception'. Such exceptions often require additional review or resolution to ensure a smooth supply chain operation.
Tips
A common mistake is confusing 'exception' with terms like 'discrepancy' or 'mismatch', which have slightly different meanings in the context of forecast alignment.
Sources
- OSC 5620 Quiz 5 10.docx - Course Hero - coursehero.com
AI-generated content may contain errors. Please verify critical information
