Bullwhip Effect: What causes it and using ECR and VMI to counteract its effects "The bullwhip effect occurs when the demand order variabilities in the supply chain are amplified as they moved up the supply chain" (Lee, Padmanabhan & Wang 1997). Continue Reading...
Bullwhip effect is a theory that the farther a company gets away from the customer, the more variable the demand is. This makes no sense -- it's like saying the more stocks you have in your portfolio the more volatile it will be. What happens is not Continue Reading...
Successful supply chain strategies will consider many factors besides price; such as quality, reliability, stability, how well their technology integrates as well as plethora of other strategic considerations. Therefore since many of these factors a Continue Reading...
BWE In business, one of the most challenging issues is what is known as the Bullwhip Effect (BWE) in the supply chain. This effect means that any demand forecast attempt cannot be accurate, since it is based on potentially inaccurate data. According Continue Reading...
ordering strategy is fairly simple, and this is why there were seldom backlogs. Basically, what you want to do is understand the baseline demand. In the real world, we would probably already have this data, but in the simulation we needed to figure Continue Reading...
The Liabilities of JIT Considering the fact that manufacturers are often engaged in a variety of business models at once, any CEO of one of these companies would need to contemplate what while JIT me be excellent for the make-to-stock productions Continue Reading...
52). The researcher handles or controls the items differently. It is a form of Pareto analysis where items such as customers, documents, activities, inventory items, sales territories grouped into three categories namely a, B, and C. In order of the Continue Reading...
Tesco's Value Chain Analysis Value chain is defined as the special links that exists between the key value adding activities as well as their interfaces with all of the supporting activities (Lynch,2003). The concept of value chain has for along tim Continue Reading...
Hospital SCM Arnold Palmer Hospital Managing Service, Processes and Supply Chains Hospitals and Supply Chains - Overview Hospital Supply Chains - Advancements Standard Supply Chain Stockless Inventory Vendor Managed Inventory Consignment Aut Continue Reading...
85). Newly independent countries joined in the shipping industry as a way of demonstrating their economic independence, leading to an increase in the number of open registers as owners in the traditional maritime countries could now register in cou Continue Reading...
Transitioning of the Defense Transportation System Toward Complementing Best Practices in Supply Chain Management Efficiently and Securely Distribution managers need to appreciate that management of defense supply chains is a rapidly-growing global Continue Reading...
Transitioning of the Defense Transportation System Toward Complementing Best Practices in Supply Chain Management Efficiently and Securely Distribution managers need to appreciate that management of defense supply chains is a rapidly-growing global Continue Reading...
Improvement of Supply Chain Management Tools and Processes for Ultimate Strategic Achievement of Success in Military and Civil Business Today, both public and private sector organisations of all sizes and types are faced with the same need to optim Continue Reading...
Supply Chain Strategy When it comes to companies sharing business relationships, and occasionally shareholdings, as well, a Keiretsu network is often the best way to integrate and manage that group of companies (Jacoby, 2009). In that way, the relat Continue Reading...
Forecasting: Kentucky Swamp Brew Forecasting demand within the brewing industry is dependent upon three basic factors: "trends, cycles, and seasonal patterns" (Elfner n.d.). Trends are defined as gradual shifts in demand that permanently affect the Continue Reading...
