TRUE OR FALSE: In supply chain management, predictable variability is change in demand that cannot be forecasted.
Understand the Problem
The question is asking whether the statement is true or false regarding the concept of predictable variability in supply chain management. It implies that predictable variability refers to a type of demand change that is known and can be forecasted, which challenges the definition given in the statement.
Answer
FALSE
The final answer is FALSE.
Answer for screen readers
The final answer is FALSE.
More Information
Predictable variability is a change in demand that can be anticipated and managed. It refers to variations in demand that follow patterns, such as seasonal changes, thus allowing for accurate forecasting.
Tips
A common mistake is confusing predictable variability with unpredictable changes, which cannot be forecasted. It's important to recognize the patterns and factors that contribute to predictable demand changes.
Sources
- Ch9 - Chapter Quiz - 1 Supply Chain Management, 6e ... - Studocu - studocu.com
- Managing Demand and Supply for Profitability | Course Hero - coursehero.com
AI-generated content may contain errors. Please verify critical information
