When collecting data or information to make supply chain decisions, the "best" type of data to collect would be:
A) Nominal data.
B) Nonmetric data.
C) Ordinal data.
D) Ratio-scaled data.
E) None of the options would be considered "best."

Question

Quizplus · Accepted Answer

Ratio-scaled data is considered the "best" type of data for making supply chain decisions because it provides the most information, including a true zero point, allowing for meaningful comparisons and calculations.

When Collecting Data or Information to Make Supply Chain Decisions