1. Define the bullwhip effect and discuss its impact on the measures of supply chain performance.
2. Define the term logistics and its impact on cost and service.
1.
Bullwhip effect is the occurrence of variance of the orders sent to the manufacturer and supplier to that sent to the customers. This large variance is identified in supply chain.
There are many factors that contribute to this effect. They are:-
Bullwhip effect result in inefficient production or excess production in order to fulfill the demand. It result in lengthening the lead time and results in inefficient production because demand of the customers’ needs to fulfilled by each producer. The situation of stock-out leads to poor customer service and lost sales. There is also a low utilization of distribution channel. It also damage the reputation of the organization.
Bullwhip effect impacts the financial performance of an organization. The cost incurred by the organization due to bullwhip effect include contractual penalties for coping up with the consequences of failed fulfillment. In order to meet the demand variability, the organization is required to hire or dismiss employees that adds training cost, hiring cost and lay-offs cost.
These are the following measures to overcome bullwhip effect.
1. Define the bullwhip effect and discuss its impact on the measures of supply chain performance....
Define the bullwhip effect and discuss its impact on the measures of supply chain performance. From COURSE: Reg Compliance Logistics Mgrs
What is the impact of the bullwhip effect on the distribution and warehousing of a supply chain? What are some methods that can be used to prevent it?
1. What does the term “bullwhip effect” mean? 2. What role does the “bullwhip effect” have on the effective management of the supply chain?
1. a. Discuss the critical role of inventory for a company and its supply chain. b. Identify the key metrics organizations use to assess how well their inventories are being managed. c. Use the ABC classification method to categorize the various items at a local supermarket store. For example, in which category would fresh fruit and vegetables be listed? Why? d. Briefly explain the bullwhip effect. What steps can organizations take to minimize the bullwhip effect?
Discuss the importance of supply chain management. What impact does the supply chain has on the overall organization performance and competitiveness in the marketplace?
Define the term logistics and its impact on cost and service
Which of the following statements regarding supply chain management is Correct? A supply chain is a set of entities and relationships that cumulatively define materials and information flow both downstream toward the customer and upstream toward the very first supplier. O B. Structure improvements in supply chains mainly can be achieved by vertical integration. C. The Bullwhip Effect improves supply chain performance. D. Supply chain performance is typically measured in terms of employee satisfaction.
How can the bullwhip effect impact a company’s operations and its marketing functions
Compare traditional performance measures with current performance measures in the supply chain? Why has the changes in these metrics occurred? minimal 170 words
1. Define the terms and explain the role of postponement and speculation in the supply chain 2- Explain and give 2 example of cost tradeoffs in logistics 3- Define or describe the order cycle. What are some causes of order cycle variability and what are the consequences?