Strategies for mitigating the bullwhip effect include:O reducing inventoryO reducing priceO operational efficiencyreducing holding cost

A well-defined plan or method for achieving particular goals or objectives is called a strategy. It…

Answered: Strategies for mitigating the bullwhip…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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1. True or False: Lower speed supply chain operations are always preferable because they operate at a lower cost. & Explain why its false or true 2. Describe a basic tradeoff that is involved with holding inventory.
please answer within 30 minutes
Reactions and additional comments: Per the textbook definition, the term bullwhip effect “Describes the distortions in a supply chain caused by changes in customer demand, resulting in large swings in inventory levels as the orders ripple upstream from the retailer to the distributor and manufacturer” (Wallace, 2020, p. 137). The term is derived from physics. When cracking a whip, someone just has to snap their wrist and it causes a wave like effect that increases with a chain reaction. The bullwhip effect is a term that was first used in the 1990s. The makers of Pampers had many changes in order volumes, when usually diapers were bought at a constant rate (The Bullwhip effect : History and solutions, 2021). This caused the company to receive hard hits in demand with each new order from the retailers. For example, during the Covid-19 pandemic, everyone was told to stay home, go to school from home, and work from home. This caused the need for many more computers and electronic…
Evaluate an alternative that involves consolidating all 20-foot container volumes and using only a single consolidation center in Shanghai/Ningbo. Assume that all the existing 20-foot container volumes and the existing consolidation center volumes are sent to this single consolidation center by suppliers. This new consolidation center volume would be packed into 40-foot containers, filled to 96 percent, and shipped to the United States. The existing 40-foot volume would still be shipped direc t from the suppliers at 85 percent capacity utilization.
This 3-part question about your Operations Management habits is based on the topics of EOQ and Reorder Point: Part 1: Average lead time for the fasteners you need is 23 days with a standard deviation of 5 days. You have been consuming fasteners at a rate of 53 per day with a standard deviation of 9 At what inventory level do you order to ensure a 90% service level? Part 2: Each year you utilize 7,941 gallons of milk in your restaurant. You have calculated that issuing purchase orders and unloading costs 46 for each order. You calculated that cost of your refrigerated storage for the milk is valued at $61 per year. What quantity of milk should you order at each order? Part 3: You have been selling the donuts on campus at a rate of 32 dozen per day with a standard deviation of 4 dozen per day. Average lead time for the batter you use is 53 days. When your inventory drops to how many dozen, do you order to ensure that you are able to supply donuts 85% of the time?
The ticket for Marwan Khoury's concert is tangible; however the concert itself cannot be seen before the concert's date and time, a characteristic known as service Maman Kheuny 小te O Perishability O Intangibility O Inseparability Variability
Develop a measure of risk to go along with the ordering policy. This measure should be quantifiable.
The super discount store open 24 hours a day every day 365 days sells eight packs of paper towels at the rate of approximately 420 packs per week because the towers are so broke the annual cost to carry them in inventory is estimated at $.50 the cost to place an order for more is $20 and it takes four days for an order to arrive what is the cycle time? total cost?
Haley Photocopying purchases paper from an out-of-state vendor. Average weekly demand for paper is 160 cartons per week for which Haley pays $5 per carton. Inbound shipments from the vendor average 750 cartons with an average lead time of 3 weeks. Haley operates 52 weeks per year; it carries a 4-week supply of inventory as safety stock and no anticipation inventory. The vendor has recently announced that they will be building a facility near Haley Photocopying that will reduce lead time to one week. Further, they will be able to reduce shipments to 500 cartons. Haley believes that they will be able to reduce safety stock to a 1-week supply. What impact will these changes make to Haley's average inventory level and its average aggregate inventory value? The changes decrease Haley's average aggregate inventory level by The changes decrease Haley's average aggregate inventory value by $ cartons. (Enter your response as a whole number.) (Enter your response as a whole number.)
give an example in real life Production or Service Company applying any Inventory Management.
Haley Photocopying purchases paper from an out-of-state vendor. Average weekly demand for paper is 130 cartons per week for which Haley pays $25 per carton. Inbound shipments from the vendor average 1,250 cartons with an average lead time of 2 weeks. Haley operates 52 weeks per year; it carries a 3-week supply of inventory as safety stock and no anticipation inventory. The vendor has recently announced that they will be building a facility near Haley Photocopying that will reduce lead time to one week. Further, they will be able to reduce shipments to 100 cartons. Haley believes that they will be able to reduce safety stock to a 1-week supply. What impact will these changes make to Haley's average inventory level and its average aggregate inventory value? The changes decrease Haley's average aggregate inventory level by cartons. (Enter your response as a whole number.)

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Strategies for mitigating the bullwhip effect include: O reducing inventory O reducing price O operational efficiency reducing holding cost