Transforming forecasts into plans of activity to satisfy the projected demand is known as
A)supply chain coordination.
B)forecasting.
C)aggregate planning.
D)revenue management.

Question

Quizplus · Accepted Answer

Transforming forecasts into plans of activity to satisfy the projected demand is known as aggregate planning. It involves determining the production, inventory, and staffing levels needed to meet the anticipated demand. Supply chain coordination entails the integration of different activities across the supply chain, while forecasting involves predicting future demand or sales. Revenue management involves optimizing prices and allocating capacity to maximize revenue.

Transforming Forecasts into Plans of Activity to Satisfy the Projected