Construct · 1 fields · 1 citations

accurate response: a standalone construct

One name. One construct. A landmark on the map.

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Supply chain management

reducing the cost of demand uncertainty by using early sales to update forecasts and committing production once forecasts become reliable.

In supply chain management, accurate response refers to reducing the cost of demand uncertainty by using early sales to update forecasts and committing production once forecasts become reliable. This meaning comes from Fisher (1996) in Operations Research.[1]

Unit
Recovery means
Measured by

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Nearby constructs

chain3 fields · 3 citationsjingle · one word, three constructs cost4 fields · 4 citationsjingle · one word, four constructs demand4 fields · 4 citationsjingle · one word, four constructs

References

Fisher, M., & Raman, A. (1996). Reducing the Cost of Demand Uncertainty Through Accurate Response to Early Sales. Operations Research, 44(1), 87-99. https://doi.org/10.1287/opre.44.1.87

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