All categories

3 years ago

Uncertainties in the supply chain can lead to: _____________

Business

1 answer:

Lemur [1.5K]3 years ago

7 0

Answer:

e. the bullwhip effect

Explanation:

Supply chain management can be defined as the effective and efficient management of the flow of goods and services as well as all of the production processes involved in the transformation of raw materials into finished products that meet the insatiable want and need of the consumers.

Generally, the supply chain management involves all the activities associated with planning, execution and supply of finished goods and services to the consumers.

Therefore, the fundamental principle on which supply chain management is reliant on, is the complete collaboration between multiple firms. These multiple firms include a company that is saddled with the responsibility of manufacturing producer), a wholesaler, and a retailer who typically sells the products to the customers or consumers.

Basically, these three (3) firms or individuals are required to collaborate with each other so as to meet the needs of the customers in a timely manner or fashion and at a fair price too.

However, uncertainties or fluctuations in the supply chain can lead to the bullwhip effect.

The bullwhip effect is also referred to as the Forrester effect and it can be defined as the increasing inefficient allocation of resources or inventory fluctuations (distortions) due to changes in demand with respect to the upward movement in supply chain i.e from the retailer to wholesaler and to the manufacturer. Thus, this inaccurate assessment of the demands of consumers leads to uncertainties or fluctuations in the supply chain, especially a decrease in the accuracy of the forecast made by a manufacturer (supplier).

You might be interested in

Is 40 a prime number

Nat2105 [25]

Answer: No, 40 is a composite number. :)

Explanation:

8 0

3 years ago

How have embedded computers and the IoT impacted your daily life? What additional uses can you see yourself using? What security

Zigmanuir [339]

NOTE: Before discussing the impacts of embedded computers and the IoT, first, let me briefly explain what both of them are in simple words (without any complex jargon) for a better understanding.

Embedded computers are the programmable controllers (or loosely speaking, chips) designed to perform specific or dedicated tasks within a device. They take input (from sensors etc.), process it in a predefined steps (or instructions) and give an output.

The IoT, on the other hand, is the Internet of Things. It is the system of interconnected things that can communicate with one another directly over the network (internet). The word Things in the IoT incorporates an array of objects ranging from devices like digital and security cameras, wearable watches, GPS navigation systems, washing machines, refrigerators to buildings and even cities.

All in all, embedded computers enable the things with the automation capabilities, while the IoT empowers those things with the communication abilities.

(1) Impacts of Embedded Computers and the IoT

In the current era, almost all devices around us have embedded computer(s). Not only that, many of those devices have an ability to connect to the Internet through WiFi. The impacts of embedded computers and the IoT together can easily be understood by the some of the examples, as follows:

Nowadays, we have smart washing machines that not only be able to rinse, wash and dry clothes automatically, economically and efficiently—thanks to the embedded computers—but they can also be controlled remotely or can also send a notification to a mobile phone by the virtue of the IoT. It saves our energy (by automatically washing the clothes), our money (by efficiently using the detergent), resources (by rinsing and washing the clothes with the amount of water required—water conservation) and our time (by being controlled remotely or by sending a notification on a mobile phone when it’s done instead of us checking up its progress every ten minutes or so). In the past, however, laundry used to be done manually, which was not only a time consuming and tiring task, but it was also an ineffective way for the resource conservation.
Finding a nearby cab is now in the palm of our hands. Modern cab service providers, via their mobile applications, share the location of their cabs, in which the GPS navigation system (consists of GPS module and the embedded computer(s), connected with the internet). Hence, without any hassle, a nearby cab can be arranged and also at any time. The same applies on the most, modern bus services. Before that, one had to be physically on the road to find the cab with no surety of getting one. Now, beforehand, you can book your ride.
Smart door locking systems and smart security cameras inside or outside homes are able to notify the authorities or to the owners in the case of intrusion, and, thus, making lives and possessions safe and secure. Previously, although security cameras and locking systems were there, they couldn’t communicate with other devices (like mobile phones) remotely. A person had to be physically in the house to see the camera feed or to hear the intrusion alarm.
Embedded computers and the IoT is revolutionising the quality of life in terms of health. The IoT based smart-bands or watches can continuously monitor the blood pressure and heart rate in real time through the IoT based devices with embedded computers connected with the sensors. In the case of emergency, those IoT based devices send a notification to the emergency contacts. In the past, there was no way of checking your ECG at home—let alone the question of automatically sending ECG report to the emergency contacts.

In a nutshell, embedded computers and the IoT have impacted our daily lives in a meaningful and constructive way.

(2) Additional Uses

Well, this part of the question cannot be answered in a generic way; therefore, let me give you my opinion on that.

I am seeing myself using the IoT based learning devices like Google Nest thermostat. It uses machine learning to automatically set the optimal temperature of the home.

Ease: To change the temperature, there is no need to be physically there where the thermostat is installed.

Saving: It automatically turns off when there is no person in the home, which is a big plus for saving some extra bucks.

Furthermore, I can see myself using the smart IoT based weight machine that would warn me to stop getting out of shape based on my weight; in the case of non-compliance, it would send my weight as a post to all of my social media accounts. ;)

(3) Security or Other Risks

The privacy would be the major concern (and could be compromised with the usage of IoT). As in the IoT based systems, everything is connected to the internet. Therefore, all the cybersecurity risks and issues are applied on the IoT as well.

The more IoT based devices increase in number, the more the complexity of handling those devices would increase, which may become a bane instead of a boon to a user.

6 0

4 years ago

What soft skills do employers request when they list job openings in your field?Your Task. Individually or in teams, check the l

RSB [31]

Answer:

In the Present world, all the organizations need to procure individuals who don't just have the necessary specialized aptitudes to do things but who likewise have other delicate abilities like uplifting disposition, capacity to organize work and so on. Upon our investigation of discovering how and what the organizations truly need from the workers, it was seen that all the organizations laid extraordinary accentuation on having delicate abilities in any individual.

The exploration was led on top contracting firms like Monster, College Grad, College Recruiter, organizations' separate sites, Linkedln accounts and so forth. Aside from referencing the specialized abilities vital for the activity, it was additionally referenced that the representative ought to have the option to perform well in groups, ought to be a group laborer. They need individuals who really regard others and their considerations and can coexist well with one another. At the point when such a culture is assimilated in any association, the association moves towards progress at a quicker rate than an organization who has quite recently procured a lot of geeky, laid back individuals who are simply centered around satisfying their individual objectives. Such associations develop however at an exceptionally moderate rate. The human work force is one of the most significant resources that any organization makes progress toward. At the point when this perspective isn't satisfied totally, the entire motivation behind accomplishing goals bombs wretchedly.

Hence, each organization, regardless of whether little or enormous endeavors to enlist the best of individuals with great characteristics who will take the organization excessively far.

3 0

3 years ago

Which country increased their medal count the most from 2010-2018

Vika [28.1K]

Korea has been steadily increasing their number of participants with every event.

6 0

4 years ago

• Compare and contrast the characteristics of the academic and practitioners research communities and explain which audience you

Natalka [10]

Answer:

The research is aimed to reach the academics audience because the terminology, the structure of the research report and the analisys of the findings should reach academic standards, being a starting point for developing practical strategies to bring together practical inconsistancies

7 0

3 years ago