In supply chain management, the quality of the forecast can be improved by using information from?
Understand the Problem
The question is asking about ways to enhance the accuracy of forecasts in supply chain management by leveraging different types of information.
Answer
Advanced analytics, AI insights, and info from upstream and downstream partners.
The quality of the forecast in supply chain management can be improved by using advanced analytics, AI-powered insights, and information from both upstream and downstream partners.
Answer for screen readers
The quality of the forecast in supply chain management can be improved by using advanced analytics, AI-powered insights, and information from both upstream and downstream partners.
More Information
Improving forecast quality is crucial in supply chain management as it helps in minimizing inventory costs, reducing waste, and ensuring efficient resource allocation.
Tips
A common mistake is relying solely on historical data without considering advanced analysis techniques or external partner information, which can limit forecasting accuracy.
Sources
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