Question

Adaptive response rate forecasting is related to

• A. Production Planning
• B. Production Scheduling
• C. Value analysis
• D. Inventory control

Answer 1

Answer:

D. Inventory control

Adaptive response rate forecasting is a method of forecasting demand that is particularly well-suited for inventory control. This is because it is able to quickly adapt to changes in demand, which is important for ensuring that the right amount of inventory is on hand to meet customer demand without incurring excessive inventory costs. Adaptive response rate forecasting can be used to generate forecasts for a variety of different inventory items, including raw materials, finished goods, and spare parts. It can also be used to generate forecasts for different levels of the supply chain, including the warehouse, the distribution center, and the retail store.