Tracking Signal Notes: Definitions & Explanations PDF | Download eBooks
Study Tracking Signal lecture notes PDF with supply chain management definitions and explanation to study “What is Tracking signal?”. Study tracking signal explanation with SCM terms to review supply chain management course for online MBA programs.
Tracking Signal Definition:
A measurement of how well a forecast is predicting actual values.
Operations Management: Sustainability and Supply Chain Management by Jay Heizer, Barry Render, Chuck Munson
Tracking Signal Notes:
Organizations use tracking signal to monitor the forecasted activities that are made in comparison with the actual ones. When they observe some unexpected thing happens it warns the firm. This signal used when the organization thinks their forecasting may be not accurate or in doubt. Forecasting may be of different kinds such as sales, inventory.
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