The bull whip effect Study guides, Class notes & Summaries

Bull whip Effect - ANSWER: Product shortages or overstocks that increase in severity as one moves up the supply chain an away from the customer Major cause of Bull whip effect: - ANSWER: - Demand Forecast Updating - Order batching - Price Fluctuation - Rationing and Storage Gaming Demand Forecast Updating - ANSWER: Manipulation of the actual demand to accommodate future demand and safety stock for lead times Order batching - ANSWER: Done to reduce the amount of orders and increa...

Supply Chain - a network of all entities involved in producing and delivering a finished product to a final customer Supply Chain Involves - many different trading partners both up and downstream 3 primary flows of Supply Chain - 1. Flow of Products 2. Flow of information 3. Flow of Funds Supply Chain managing flow of products - from the beginning to the final customer and back (reverse logistics) New Products->Suppliers->Factories->Warehouses->outlets->consumers Reverse L...

LSCM Prep Exam 2 Questions & Answers 2024/2025 Supply chain management came into vogue during the early 1990s. We can view supply chain management as: - ANSWERSAll of the above. One of your friends just received a shipment from an online retailer, and several parts are missing. Your friend plans to send the merchandise back to the vendor. Which supply chain flow is being used to return the merchandise back to the vendor? - ANSWERSProduct/Services flow Prior to the logistics concept, a...

Data Raw facts that describe the characteristic of an event Information Data converted into a meaningful and useful context Is information technology always beneficial? No. Case study the world is flat Thomas Friedman describes the unplanned cascade of technological and social shifts that effectively leveled the economic world, and "accidentally made Beijing, Bangalore, and Bethesda next-door neighbors" Competitive Advantage a product or service that an organiz...

which body system serves as the first line of defense against infection? immune system lymphatic system respiratory system integumentary system - Answer integumentary system trunk extension is a type of exercise that aims to 'undo' the excessive slumping of your trunk or back. the muscles are stretched enough to retain its form, from the neck to the spine. which of the following component of physical fitness does this activity assess? Balance flexibility coordination body end...

UARK SCMT 4653 Exam 3 With Correct Questions And Answers 2024

Az ROC Trade Exam B-3 License Correctly Solved Already Passed A+ Nails used for installing Hardboard panel siding vertically must accommodate the sheathing and penetrate the framing a minimum of how much? *ANS* 1-1/2 inches When framing openings in floors with a header and trimmer joists, what maximum header joist span is allowed with a single member header? *ANS* 4 feet Above the handrail and below the head, what is the minimum clear opening on a stairwell? *ANS* 36 inches When inst...

supply chain network of organizations and business processes for procuring materials, transforming raw materials into intermediate and finish products, and distributing the finished products to customers just-in-time scheduling system for minimizing inventory by having components arrive exactly at the moment they are needed and finished goods shipped as soon as they leave the assembly line. bull whip effect distortion of information about the demand for a product as it passes from one e...