Asked by Alina Avdeyev on May 26, 2024

verifed

Verified

The resulting accuracy of a collaborative forecast enables supply chains to be

A) more responsive but less efficient in serving their customers.
B) both more responsive and more efficient in serving their customers.
C) less responsive but less efficient in serving their customers.
D) both less responsive and less efficient in serving their customers.

Collaborative Forecast

A forecast made using input from multiple stakeholders, such as suppliers, customers, and partners, to improve accuracy and planning.

Supply Chains

The entire network of entities involved, directly or indirectly, in serving a customer with a product or service.

Responsive

The ability to quickly and accurately react to changes or inputs, often used in the context of web design or customer service.

  • Grasp the concept of forecast accuracy and its importance in supply chain efficiency and responsiveness.
verifed

Verified Answer

LS
lovepreet singhMay 27, 2024
Final Answer :
B
Explanation :
Collaborative forecasts ultimately lead to better planning and decision-making. When supply chain partners share information and work together to develop a forecast, they can more accurately predict demand and optimize their resources accordingly. This can result in a supply chain that is both more responsive to changes in demand and more efficient in serving customers, as resources are better utilized and waste is minimized.