OPMA 317 PACKAGE DEAL

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, le...

throughput time - ️️time to complete order cycle time - ️️time between 2 consecutive orders completed bottle neck - ️️slowest part of inv system operations - ️️use resources to transform inputs to outputs supply chain mgmt - ️️move info and material to and from the op...

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 Suppl...

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) - ️️When it hel...

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 custo...

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...