Asked by Andrea S. Marrero on May 03, 2024
Verified
The overarching solution to the bullwhip effect is simply for supply chain members to share information and work together.
Bullwhip Effect
describes the phenomenon where small fluctuations in demand at the retail level cause progressively larger fluctuations in demand at the wholesale, distributor, and manufacturer levels.
Supply Chain
A global network of organizations and activities that supplies a firm with goods and services.
- Recognize the importance of information sharing and coordination in reducing supply chain risks.
Verified Answer
YA
Yussif AbdelhamedMay 09, 2024
Final Answer :
True
Explanation :
Sharing information and collaboration among supply chain members can help to reduce uncertainties, increase transparency, and improve overall communication, thereby reducing the bullwhip effect.
Learning Objectives
- Recognize the importance of information sharing and coordination in reducing supply chain risks.
Related questions
Which of the Following Is Not a Remedy for the ...
The Lack of Information Sharing Between the Retailer and Manufacturer ...
Sharing of POS Data Helps Reduce the Bullwhip Effect Because ...
How Does Cooperation and Trust Improve Performance in a Supply ...
By Identifying and Eliminating the Causes of Uncertainty and Risk ...