Technological Forecasts Notes: Definitions & Explanations PDF | Download eBooks
Study Technological Forecasts lecture notes PDF with supply chain management definitions and explanation to study “What is Technological Forecasts?”. Study technological forecasts explanation with SCM terms to review supply chain management course for online MBA programs.
Technological Forecasts Definition:
Long-term forecasts concerned with the rates of technological progress.
Operations Management: Sustainability and Supply Chain Management by Jay Heizer, Barry Render, Chuck Munson
Technological Forecasts Notes:
Due to increase shift in the technology organizations main focus is to identify the innovative technology that attracts the customers and are competitive. So, they always try to investigate the new trends, people concerns, policies and scientific discoveries and how to adopt these technologies. Firms forecast the technological advancements on the basis of previous ones.
Keep Learning with Supply Chain Management Notes
What is Engineering drawing?
This technique is mainly used by those organizations that are involved in the manufacturing of products such as automobile industry. ...
What is Geographic information system (GIS)?
Geographic Information Systems is a PC based instrument that examines, stores, controls and imagines geographic data, for the most part ...
What is Finished-Goods Inventory?
Completed merchandise are products that have been finished by the assembling procedure, or obtained in a finished structure, yet which ...
What is Statistical process control (SPC)?
Organizations use this method to monitor and control the processes. It helps in measuring the efficiency and effectiveness with very ...
What is Expected monetary value (EMV)?
Aggregate of the weighted results (adjustments) related with a choice, the loads mirroring the probabilities of the elective occasions that ...
What is Shared value?
Management strategy adopted by the organizations and their main focus is to create measureable value to the business in to ...