Question
Question 30 of 50 Which of these factors is most important to consider when choosing forecasting techniques, planning horizon, and time buckets? the average lead times for materials and components your company's manufacturing capacity the amount of outsourcing your company does the types of products and services your company provides
Answer
4.1
(197 Votes)
Jocasta
Master · Tutor for 5 years
Answer
The types of products and services your company provides
Explanation
When choosing forecasting techniques, 'the types of products and services your company provides' is the most important factor. This is because different products and services may have varying demand patterns, which directly influence the choice of appropriate forecasting methods, planning horizons, and time buckets. For instance, products with steady demand might require different methods compared to those with highly volatile demand. The other factors like lead times, manufacturing capacity, and the extent of outsourcing also matter but are secondary to the nature of the products and services being forecasted.