Asked by Jason Brownlee on Jun 24, 2024

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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.

Aggregate Planning

A process in procurement and production planning aimed at determining necessary capacity and resources to meet anticipated demand.

Transforms Forecasts

Involves using mathematical transformations on historical data to make future predictions.

Projected Demand

An estimate of the future demand for a product or service, based on historical data, market trends, and forecasting techniques.

  • Grasp the role of forecasting and aggregate planning in managing supply chain operations.
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KS
Kevin StudioJul 01, 2024
Final Answer :
C
Explanation :
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.