Which process uses historical data and sales forecasts to plan which materials will be procured and produced?
A)Material Planning
B)Procurement Process
C)Production Process
D)Fulfillment Process
E)Lifecycle Data Management

Question

Quizplus · Accepted Answer

Material planning is the process of determining the materials needed to meet production requirements based on historical data and sales forecasts. Procurement process involves the actual purchasing of the materials, while production process involves the actual manufacturing of the final product. Fulfillment process focuses on delivering the final product to the customer, and lifecycle data management involves managing the product over its entire lifecycle, including design, production, and disposal.

Which Process Uses Historical Data and Sales Forecasts to Plan