Leaders in many supply chains have started moving
A)toward independent forecasting to improve their ability to match supply and demand.
B)toward consecutive forecasting to improve their ability to match supply and demand.
C)toward sequential forecasting to improve their ability to match supply and demand.
D)toward collaborative forecasting to improve their ability to match supply and demand.

Question

Quizplus · Accepted Answer

Collaborative forecasting involves sharing information and insights among partners in the supply chain. This can lead to better alignment of supply and demand, as everyone has a more complete picture of what is happening across the chain. Independent, consecutive, and sequential forecasting all rely on individual companies making their own predictions about supply and demand, which can lead to inefficiencies and mismatches. Collaborative forecasting is the best choice for improving supply chain performance.

Leaders in Many Supply Chains Have Started Moving