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What is it called when distorted product demand information passes from one entity to the next?

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SUPPLY CHAIN MANAGEMENT
 - The management of information flows between and among stages in a supply chain to maximize
    total supply chain effectiveness and profitability.

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BASIC OF SUPPLY CHAIN
The supply chain has three main links :

  1. Materials flow from suppliers and their "upstream" suppliers at all levels.
  2. Transformation of materials into semifinished and finished products through the organization's own production process.
  3. Distribution of products to customers and their "downstream" customers at all levels.

What is it called when distorted product demand information passes from one entity to the next?

What is it called when distorted product demand information passes from one entity to the next?

INFORMATION TECHNOLOGY'S ROLE IN THE SUPPLY CHAIN

Factors Driving SCM 

  • Visibility
  • Consumer Behavior
  • Competition
  • Speed

VISIBILITY


  • Visibility - more visible models of different ways to do things in the supply chain have emerged. High visibility in the supply chain is changing industries, as Wal-Mart demonstrated.
  • Supply chain visibility - the ability to view all areas up and down the supply chain.
  • Bullwhip effect - occurs when distorted product demand information passes from one entity to the next throughout the supply chain.

CONSUMER BEHAVIOR

  • Companies can respond faster and more effectively to consumer demands through supply chain enhances.
  • Once an organization understands customer demand and its effect on the supply chain it can begin to estimate the impact that its supply chain will have on its customers and ultimately the organizations performance.
  • Demand planning software - generates demand forecasts using statistical tools and forecasting techniques.

COMPETITION

  • Supply chain planning (SCP) software - uses advanced mathematical algorithms to improve the flow and efficiency of the supply chain.
  • Supply chain execution (SCE) software -  automates the different steps and stages of the supply chain.
  • SCP and SCE both increase a company's ability to compete.
  • SCP depends entirely on information for its accuracy.
  • SCE can be as simple as electronically routing orders from a manufacturer to a supplier.

What is it called when distorted product demand information passes from one entity to the next?

SPEED

  • Three factors fostering speed

What is it called when distorted product demand information passes from one entity to the next?

SUPPLY CHAIN MANAGEMENT SUCCESS FACTORS

What is it called when distorted product demand information passes from one entity to the next?

  • SCM industry best practices include :

  1. Make the sale to suppliers.
  2. Wean employees off traditional business practices.
  3. Ensure the SCM system supports the organizational goals.
  4. Deploy in incremental phases and measure and communicate success.
  5. Be future oriented.

SCM SUCCESS STORIES

  • Top reasons why more and more executives are turning to SCM to manage their extended enterprises.

What is it called when distorted product demand information passes from one entity to the next?

  • Numerous decision support systems (DSSs) are being built to assist decision makers in the design and operation of integrated supply chains.
  • DSSs allow managers to examine performance and relationships over the supply chain and among :

  1. Suppliers
  2. Manufacturers
  3. Distributors
  4. Other factors that optimize supply chain performance

What is it called when distorted product demand information passes from one entity to the next?



Bullwhip effect. Occurs when distorted product demand information passes from one entity to the next throughout the supply chain. Happens without good visibility. Supply chain change. Ripples throughout entire supply chain which will magnify the issue and cause excess inventory.Click to see full answer. Likewise, people ask, which of the following is a key to SCM success?Make the sale to the manufacturers. Support Organizational Goals. Wean suppliers off traditional business practices. what is supply chain visibility? Supply chain visibility (SCV) is the ability of parts, components or products in transit to be tracked from the manufacturer to their final destination. The goal of SCV is to improve and strengthen the supply chain by making data readily available to all stakeholders, including the customer. Correspondingly, what helps an organization identify its customers across applications? CRM predicting technologies help organizations identify their customers across other applications. -CRM reporting technologies help organizations identify their customers across other applications.What is automatic call distribution quizlet?A system that automatically tracks all of the steps in the sales process. Automatic Call Distribution. A phone switch routes inbound calls to available agents. Predictive Dialing. Automatically dials outbound calls and when someone answers, the call is forwarded to an available agent.

Related posts

What is it called when distorted product demand information ripples from one partner to the next throughout the supply chain quizlet?

The bullwhip effect occurs when distorted product-demand information ripples from one partner to the next throughout the supply chain.

What are the 5 basic components of supply chain management?

The Top-level of this model has five different processes which are also known as components of Supply Chain Management – Plan, Source, Make, Deliver and Return. Let's deep dive into each component: Plan: Planning is imperative to control inventory and manufacturing processes.

What is supply chain in simple words?

A supply chain is the network of all the individuals, organizations, resources, activities and technology involved in the creation and sale of a product. A supply chain encompasses everything from the delivery of source materials from the supplier to the manufacturer through to its eventual delivery to the end user.

What is the supply chain planning process?

Supply chain planning (SCP) is the forward-looking process of coordinating assets to optimize the delivery of goods, services and information from supplier to customer, balancing supply and demand.

called distorted product demand information passes entity Bullwhip effect

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