Bullwhip effect Study guides, Class notes & Summaries

During the SCM Exercise Graph Commonalities : Fluctuations, amplification, and a time lag between the retailer to the factory Beer Game Average : Everyone averaged around the same even though some came from different backgrounds yet the players control the game, you can't blame customer demand What caused people to act the way they did during the beer game? : 1) Lack of communication/cooperation - guessing of the customer demand-->arbitrary ordering RESULT: BULLWHIP EFFECT 2 | P a ...

WGU C215 Operations Management Questions and 100% correct AnswersAdvertising revenue model - ANSWERS-Provides users with information on services and products and provides an opportunity for suppliers to advertise Affiliate revenue model - ANSWERS-Companies receive a referral fee for directing business to an affiliate Appraisal cost - ANSWERS-The cost associated with uncovering defects Automated order entry systems - ANSWERS-A method using telephone models to send digital orders to suppl...

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...

The suppliers in a supply chain are referred to as ______________ supply chain members. A. downstream B. midstream C. upstream D. None of these answer choices is correct. Ans: c Distributors, warehouses, and retailers are referred to as _____________ supply chain members. A. downstream B. upstream C. procurement D. None of these answer choices is correct. Ans: a The purchasing of goods and services from suppliers is called A. sourcing. B. offshoring. C. procurement. D. None of ...

WGU C215 Objective Assessment Guide (Latest 2024/ 2025 Update) Operations Management| Questions and Verified Answers| 100% Correct| Grade A Q: Tier One Suppliers Supplies materials or services directly to the processing facility. These are the suppliers that put products in specific containers or packages. Internal Functions companies Q: Tier Two Suppliers Answer: Directly supplies materials or services to a tier-one supplier in the supply chain. Suppliers of the spec...

SCM Final Exam UPDATED Exam Questions and CORRECT Answers Supply chain coordination requires each stage of the supply chain to take into account the impact its actions have on other stages. - CORRECT ANSWER- True With an uncoordinated supply chain each stage tries to maximize its own profits, resulting in actions that often increase total supply chain surplus. - CORRECT ANSWER- False The bullwhip effect results in improved supply chain coordination. - CORRECT ANSWERFalse The bullwhip ...

ISDS 3001 Final Exam Questions and Correct Answers Outsourcing is a form of specialization that allows the outsourcing firm to focus on its key success factors. T/F - Answer-True A fast-food retailer that acquired a spice manufacturer would be practicing backward integration. T/F - Answer-True What is the practice of keeping a product generic as long as possible before customizing? A.backward integration B.vendor-managed inventory C.forward integration D.keiretsu E.postponement ...

WGU C215 Operations Management Question and answers rated A+ 2024 WGU C215 Operations Management Advertising revenue model - correct answer Provides users with information on services and products and provides an opportunity for suppliers to advertise Affiliate revenue model - correct answer Companies receive a referral fee for directing business to an affiliate Appraisal cost - correct answer The cost associated with uncovering defects Automated order entry systems - correct ...

Bullwhip affect + causes Ans: the effect of unplanned repetitive change in demand felt across the supply chain. From distributor to supplier - can cause: negative effects on cost of labor and materials, lowers customer service, leaves over supply of stock Shortage Gaming Ans: - when demand exceeds supply manufacturers - customers order extra to compensate for perceived need - they cancel extra need leaving extra supply and no demand ( need to view supply history to avoid this) Ratio...

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 , ...