Asked by Cynthia Flores on May 30, 2024
Verified
Forecasts are typically accurate which is why most companies utilize the push model.
Forecasts
Predictions about future conditions or occurrences, often based on statistical analysis or current trends.
Push Model
A distribution method where products are pushed through the supply chain, from production to final consumers, without direct consumer demand driving it.
- Realize the significance of forecasting in supply chain management and its impact on the choice of supply chain model.
Verified Answer
DB
Dicie BarnesJun 06, 2024
Final Answer :
False
Explanation :
Forecasts are often subject to inaccuracies due to various unpredictable factors, leading many companies to adopt the pull model, which is more responsive to actual demand.
Learning Objectives
- Realize the significance of forecasting in supply chain management and its impact on the choice of supply chain model.
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