beer game Flashcards
1
Q
A
2
Q
push system
A
have production planned in advance and each stage pushes inventory to its downstream neighbor
3
Q
pull system
A
each unit in the supply chain requests inventory from its upstream neighbor
4
Q
supply chain management def
A
the management of a network of interconnected businesses involved in the provision of product and service packages required by the end customers in a supply chain
5
Q
bullwhip effect def
A
observed phenomenon in forecast-driven distribution channels. It refers to a trend of larger and larger swins in inventory in response to changes in demand, as one looks at firms further back in the supply chain for a product
6
Q
impact of bullwhip
A
-large inventory fluctuation leads to high holding cost and poor customer satisfaction
to reduce it:
- information sharing and coordination across supply chain => centralized decision
7
Q
A
