OPMA 317 Exams Pack | Questions & 100% Correct Answers (Verified) | Latest Update | Grade A+

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 ti...

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 ...

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...

Cycle Time : The time between two consecutive customer orders being completed Bottleneck : The slowest workstation in the process Bottleneck's Processing Time = ? : Cycle time for entire process When should a discount be offered? (Campus Club Cupcakes) 2 | P a g e : When it helps our bottle...

Supply-chain debrief: What caused people to act the way they did? and what did this lead to? (2) : Lack of communication / cooperation , leading to the guessing of customer demand which led to arbitrary ordering decisions and the result is the bullwhip effect long lead time, could've been even...

Process flow chart : a diagram outlining the process from start to finish to compete a target goals, shows precedents, tasks, and time Processing time : time to produce an order Throughput time : the total timer required to complete a process How does knowing capacity help (3) 2 | P a g e ...