Tracking Signal Definition and Explanation PDF | Download eBooks
Learn Tracking Signal definition in supply chain management with 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 Explanation:
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.
Keep Learning Supply Chain Management Explanations
What is European Union (EU)?
It is the organization of European countries to facilitate their citizens. The main purpose of this organization is to promote ...
What is Taguchi Method?
Taguchi has imagined another technique for directing the plan of trials which depend on all around characterized rules. This strategy ...
What is Gantt Charts?
This chart represents the total time and span of the project, and then broken into the increments such as the ...
What is Interactive Design?
Intelligent Design is characterized as a client situated field of concentrate that spotlights on important correspondence of media through repetitive ...
What is Social Bottom Line?
The social main concern is the result of an organizations' social manageability rehearses. It is the estimation of 'benefits' as ...
What is Flexi-Time Working?
Under flexi time, there is ordinarily a center time of the day when representatives must be grinding away (eg between ...