1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Brums [2.3K]
3 years ago
9

What is the bullwhip effect and how does it relate to lack of coordination in a supply chain?

Business
1 answer:
rewona [7]3 years ago
6 0

Answer:

The bullwhip effect happens when retailers or other members of the supply chain overestimate a sudden increase in demand, and this causes a chain reaction in all the other participants of the supply chain that start requesting higher quantities of goods or materials for production. E.g. the fidget spinner was a very popular fad and its producers probably didn't anticipate how large the demand would be. Once the product became extremely popular, everyone wanted to sell fidget spinners. This caused an increase in the order quantities of all the supply chain. Once the fad faded out, all this momentum stopped and many stores, distributors, wholesalers, and even factories were left with huge unsold stocks of fidget spinners.

When the supply chain is well coordinated, there is little chance for some retailers or distributors to over react and want more product just in case. If your supply is guaranteed, then it would take some extraordinary increase in demand to make you want to increase your purchase orders. But if your supply chain is not well coordinated, you might fear that you will lose a lot of sales and other competitors will make them. Then you get anxious and start ordering large quantities.

You might be interested in
Which one of the following is not an assumption for the law of one price? a. There is free competition b. There is no transporta
icang [17]

Answer:

d. The skill level of workers is identical in both countries.

Explanation:

The Law of One Price is an economic theory which explains that the price of identical or similar goods in different markets must be the same after taking the currency exchange into consideration. In law of one price, there is perfect competition and It ensures that buyers have the same purchasing power across global markets.

8 0
4 years ago
From guided notes reading of 7 skills to make mill$ :
Mkey [24]

Answer:

From guided notes reading of 7 skills to make mill$ :

This book focuses on __soft_______ skills or behavioral ___competencies________.

Explanation:

Brooks Harper's "7 Skills to make mill$" is a motivational book which urges students to perform at their best during their school  days so that they can be prepared for the work life.  In a very unique manner, Brooks hampered on the importance of the seven skills, which he described with the acronym DOLLARS.  These include Diligence (hard work pays), Organization (Be your CEO, developing your GPA as your Goal, Plan, and Action and not just Grade Point Average), and Leadership (by making a difference).  Others include Learning (replacing ignorance with education), Accountability (Your name = Your Brand; enhance or diminish it), Relationship (a warning to mind your company), and lastly Speaking (the articulation of ideas to others).  These are the keys to success in life, which must be developed during school days.

7 0
3 years ago
A food worker needs to cool a large pot of soup How should the food worker cool the soup?
Lilit [14]

Answer:

a)use an ice paddle. it is the most suitable way

3 0
3 years ago
Contingency costs in the project costs estimate, also referred to as ____, are to cover unexpected situations that may come up d
slega [8]

Answer:

Reserves

Explanation:

Risk is any uncertain event with positive or negative consequences on a project. Contingency costs are related to risks, and therefore cannot be disregarded in risk management within a project. It is essential that management plan and prevent for the project to occur in a predictable and effective manner.

7 0
3 years ago
Betty's lead needs to get a report of all of the purchases made only by his employees, usingtheir employee discount, in a given
strojnjashka [21]

Answer:

Exception reports

Explanation:

An exception report is a document that shows where actual performance deviated significantly from what was expected, usually in a negative direction. It shows what is abnormal. The exception report then focuses the attention of the management on those areas that would be needing immediate intervention.

8 0
3 years ago
Other questions:
  • Times-Roman Publishing Company reports the following amounts in its first three years of operation:
    7·1 answer
  • Sole Occhiali Group, an Italian company that sells sunglasses, reported Net Sales of $181,000 and Cost of Goods Sold of $59,500.
    9·1 answer
  • A candy store sells boxes of candy containing caramels and cremes. Each box sells for $12.50 and hold 30 pieces of candy (all pi
    13·1 answer
  • The company cost of capital, when the firm has both debt and equity financing, is called the:
    11·1 answer
  • Unlike a general partnership, in a limited partnership
    5·1 answer
  • Jonah and Elias are participants in a research study. One task involves reading an ambiguous story, which participants can inter
    13·1 answer
  • The North American Industry Classification System data can be used to__________.A. identify opportunities for new product lines.
    7·1 answer
  • Fabio corporation is considering eliminating a department that has a contribution margin of $26,000 and $74,000 in fixed costs.
    11·1 answer
  • Why has the use of fiscal policy declined since the recession of 2001?
    11·1 answer
  • Service technicians are expected to monitor which site to take service courses for new products?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!