A supply manager who bases inventory re-orders on quantities of each item ordered in the past could be using an heuristic.

Question

Quizplus · Accepted Answer

Heuristics are simple, efficient rules, learned or hardcoded by evolutionary processes, that help in making decisions, forming judgments, or solving problems. Basing inventory re-orders on past order quantities is an example of using a heuristic, as it simplifies decision-making by relying on historical data rather than complex forecasting models.

A Supply Manager Who Bases Inventory Re-Orders on Quantities of Each