Asked by Sydnee Frakes on Jul 05, 2024
Verified
An organization made errors in estimating the supply of human capital that became amplified along the supply chain,resulting in large overestimates of hiring needs.What term defines what is happening in this organization?
A) compounding errors
B) skill gap effect
C) human resource planning errors
D) bullwhip effect
Bullwhip Effect
When errors in estimating the supply of human capital are amplified along the supply chain, resulting in large overestimates of hiring needs.
Human Capital
The collective skills, knowledge, or other intangible assets of individuals that can be used to create economic value.
- Comprehend the impact of errors in estimating human capital supply and strategies to mitigate such errors.
Verified Answer
CF
Chelysamira FigueroaJul 08, 2024
Final Answer :
D
Explanation :
The scenario described is known as the bullwhip effect, where small errors or miscalculations in demand forecasts at the beginning of a supply chain become magnified and amplified as the demand information is transmitted to different levels of the supply chain. In this case, the errors in human resource planning at one level of the organization led to large overestimates of hiring needs, which would have had ripple effects throughout the rest of the organization's supply chain.
Learning Objectives
- Comprehend the impact of errors in estimating human capital supply and strategies to mitigate such errors.