Bullwhip effect - Study guides, Class notes & Summaries

The suppliers in a supply chain are referred to as ______________ supply chain members. A. downstream B. midstream C. upstream D. None of these answer choices is correct. Ans: c Distributors, warehouses, and retailers are referred to as _____________ supply chain members. A. downstream B. upstream C. procurement D. None of these answer choices is correct. Ans: a The purchasing of goods and services from suppliers is called A. sourcing. B. offshoring. C. procurement. D. None of ...

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 performance in which the manufacturer is responsible for maintaining the distributor's inventory levels. The manufacturer has access to the distributor's inventory data and is responsible for ge...

SCM 300 Module 6 Exam 2 DAVILA ASU Arizona State University - Question and answers 100% correct Recap of supply chain basics - correct answer Focus on People, Competitive Priorities, Measuring Success, Maximizing Value, Productivity Bullwhip effect - correct answer very high and very low supply levels 4 causes of bullwhip effect - correct answer 1. Poor forecasting, Poor analysis, Poor communication 2. Order Batching - Trying to place large orders 3. Price Fluctuations - Promotions...

WGU C215 Objective Assessment Guide (Latest 2024/ 2025 Update) Operations Management| Questions and Verified Answers| 100% Correct| Grade A Q: Tier One Suppliers Supplies materials or services directly to the processing facility. These are the suppliers that put products in specific containers or packages. Internal Functions companies Q: Tier Two Suppliers Answer: Directly supplies materials or services to a tier-one supplier in the supply chain. Suppliers of the spec...

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 times, and variability of lead times; easier to identify local needs; lead to the perception of keeping jobs local 2 | P a g e Supply Chain : A network of facilities that procure raw materials , ...

ASCM CSCP APICS Exam Questions & Answers 2024/2025 Active Tag - ANSWERSA radio frequency identification tag that broadcasts information and contains its own power source. See: Radio Frequency Identification Advanced Planning and Scheduling (APS) - ANSWERSTechniques that deal with analysis and planning of logistics and manufacturing during short, intermediate, and long-term time periods. APS describes any computer program that uses advanced mathematical algorithms or logic to perform ...

ISDS 3001 Final Exam Questions and Correct Answers Outsourcing is a form of specialization that allows the outsourcing firm to focus on its key success factors. T/F - Answer-True A fast-food retailer that acquired a spice manufacturer would be practicing backward integration. T/F - Answer-True What is the practice of keeping a product generic as long as possible before customizing? A.backward integration B.vendor-managed inventory C.forward integration D.keiretsu E.postponement ...

APIC CSCP Module 1 Questions and Answers 100% Pass What would be the best tool to use to balance a set of complex priorities for a supply chain that includes cost minimization, resilience, and time to market? Operations research A design engineer is creating a product that conforms to customer needs according to market research. Which of the following is the most important secondary design element that the engineer should include in the design? It can be sold for a positive return. ...

WGU C215 Operations Management Questions and 100% correct AnswersAdvertising revenue model - ANSWERS-Provides users with information on services and products and provides an opportunity for suppliers to advertise Affiliate revenue model - ANSWERS-Companies receive a referral fee for directing business to an affiliate Appraisal cost - ANSWERS-The cost associated with uncovering defects Automated order entry systems - ANSWERS-A method using telephone models to send digital orders to suppl...

SCM test 1: Questions and answers, graded A+ WHY SUPPLY CHAIN MANAGEMENT? - -Increased Complexity of Products (diversity) Increased Competition competing for Market Increased Complexity of Supply Chain Network Increased Innovation in Products Benefit of Best in Class Time to Market Globalization Supply Chain Mgmt controls 90% of COGS SUPPLY CHAIN TIERS - -3rd Tier Customer 2nd Tier Customer- However, with time and successful initial results, many firms are extending the boundaries of...