Supply Chain Glossary - A

Supply Chain Glossary - A

agent

One who acts on behalf of another (the principal) in dealing with a third party. Examples include a sales agent and a purchasing agent.

An estimate of sales, often time phased, for a grouping of products or product families produced by a facility or firm. Stated in terms of units, dollars, or both, the aggregate forecast is used for sales and production planning (or for sales and operations planning) purposes. See: product group forecast.


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