Which of the following is NOT a step in supply chain forecasting for a company in the consumer products industry?
A)Determine the purpose of the forecast.
B)Collect non-historical data.
C)Adjust the baseline forecast for marketing promotions.
D)Share the forecast information with suppliers and downstream customers.

Question

Quizplus · Accepted Answer

Collecting non-historical data would not be a necessary step in supply chain forecasting for a company in the consumer products industry. The other three options are all important steps in the forecasting process. The purpose of the forecast should be determined, the baseline forecast should be adjusted for marketing promotions, and the forecast information should be shared with suppliers and downstream customers to ensure coordination throughout the supply chain. However, historical data would be the most important source of information for creating an accurate forecast.

Which of the Following Is NOT a Step in Supply