Opma 317 final exam - Study guides, Class notes & Summaries

OPMA 317 FINAL EXAM | WITH COMPLETE SOLUTION | UPDATED

bullwhip effect : a distribution channel phenomenon in which forecasts yield supply chain inefficiencies. It refers to increasing swings in inventory in response to shifts in customer demand as you move further up the supply chain vendor managed inventory : A means of optimizing Supply Chain performance in which the manufacturer is responsible for maintaining the distributor's inventory levels. The manufacturer has access to the distributor's inventory data and is responsible for ge...

OPMA 317 FINAL EXAM WITH COMPLETE SOLUTIONS.

Bullwhip effect : Information (orders) going back through the supply chain are distorted and amplified How to improve the supply chain : Communication and cooperation, and shorten lead times (allows faster response) On-shoring : Local production near demand; reduces costs, length of lead times, and variability of lead times; easier to identify local needs; lead to the perception of keeping jobs local 2 | P a g e Supply Chain : A network of facilities that procure raw materials , ...

OPMA 317 Final Exam Latest Update with Verified Solutions Bullwhip effect Information (orders) going back through the supply chain are distorted and amplified How to improve the supply chain Communication and cooperation, and shorten lead times (allows faster response) On-shoring Local production near demand; reduces costs, length of lead times, and variability of lead times; easier to identify local needs; lead to the perception of keeping jobs local Supply Chain A network of facilities that...

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OPMA 317 Final Exam Latest Update Graded A bullwhip effect a distribution channel phenomenon in which forecasts yield supply chain inefficiencies. It refers to increasing swings in inventory in response to shifts in customer demand as you move further up the supply chain vendor managed inventory A means of optimizing Supply Chain performance in which the manufacturer is responsible for maintaining the distributor's inventory levels. The manufacturer has access to the distributor's inventory d...