Which of the following is the BEST way for MNO to generate better information about demand and improve forecast accuracy?

MNO, Inc. operates within a volatile industry in which unforeseen demand and events often result in unreliable forecasts.

Which of the following is the BEST way for MNO to generate better information about demand and improve forecast accuracy?
A . Improve fill rate
B . Increase collaboration with downstream customers
C . Focus on the organization’s key competencies
D . Increase inventory quantities

View Answer

Answer: B

Explanation:

Increasing collaboration with downstream customers helps MNO, Inc. obtain better insights into demand patterns and improve forecast accuracy. Close partnerships facilitate information sharing and joint planning, crucial in volatile industries.

Reference: Supply chain collaboration is widely recognized for enhancing forecast reliability and responsiveness.