Lectur 4

Question 1

Bullwhip effect -

Answer 1

Demand variability increases as you move up the supply chain from customers towards supply

Question 2

Strategies to combat the bullwhip effect:

Answer 2

Information sharing, Smooth the flow of products, Eliminate pathological incentives, Vendor Managed Inventory (VMI): delegation of stocking decisions

Question 3

CFPR is a …

Answer 3

supply chain initiative designed to improve competitiveness by focusing on communication and information sharing among supply chain trading partners in planning, forecasting, and inventory

Question 4

Supply management include

Answer 4

– Supply network design
– Multiple sourcing
– Contracting

Question 5

Demand management include

Answer 5

– Flexibility via postponement
– Shifting demand across markets

Question 6

Process management include

Answer 6

Product pooling

Question 7

Information management include

Answer 7

– Bullwhip effect
– Collaborative planning, forecasting and replenishment (CPFR)