________ identifies the difference between the planned production/inventories and the actual values.

A) Supplier reliability
B) Forecast error
C) Variance from plan
D) Supply quality

Forecast Error

The difference between the predicted demand or trends and the actual outcomes, highlighting inaccuracies in forecasting models.

Planned Production

The forecasted or scheduled output of goods and services based on demand predictions, resource availability, and strategic objectives.

Variance from Plan

Variance from Plan refers to the difference between what was planned or expected in terms of project performance and what was actually achieved.