In supply chain management, leaders in many supply chains have started moving toward collaborative forecasting to improve their ability to match supply and demand.
Understand the Problem
The question is discussing the trend of collaborative forecasting in supply chain management, focusing on how it helps leaders better align supply with demand.
Answer
Collaborative forecasting.
The final answer is that leaders in many supply chains have started moving toward collaborative forecasting to improve their ability to match supply and demand.
Answer for screen readers
The final answer is that leaders in many supply chains have started moving toward collaborative forecasting to improve their ability to match supply and demand.
More Information
Collaborative forecasting involves various stakeholders in the supply chain working together to create forecasts that reflect a more comprehensive view of the supply and demand situation. This collaborative approach can help in reducing inefficiencies and better matching supply with demand.
Tips
A common mistake is confusing collaborative forecasting with independent or sequential forecasting. Collaborative forecasting involves joint efforts among stakeholders, whereas independent and sequential approaches do not.
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