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¶ … absence of it, help to create the bull-whip effect? What feedback would you like to have, specifically, as you determine your weekly orders for Kentucky Swamp Brew? How would get such information? When would you like to have it?
"As beer consumers develop a taste for more refined small-batch brews, the craft beer industry is steadily growing, and so is the need for beer supply chain management solutions" (Skrbek 2014) The so-called 'bullwhip' effect is when variability in a supply chain is magnified the farther one moves up the supply chain. "Demand variability increases as one moves up the supply chain away from the retail customer, and small changes in consumer demand can result in large variations in orders placed upstream" (The Bullwhip Effect, 2014, Quick MBA). Factors which exacerbate the effect include "overreactions" to backlogged orders (which results in ordering needless additional inventory); failing to order to reduce backlogged inventory; overly large orders to reduce...
Thus both a lack of information (i.e., a lack of information about consumer demand and current inventory levels) and unhelpful feedback (in the form of knowledge of a potentially looming shortages or temporarily low prices) can create the bullwhip effect.
To determine orders for a brewing company, various factors to keep in mind would be current customer demand; customer demand from past seasons (to indicate when shifts in buying habits may occur based upon seasons and holidays); the present inventory; and also current trends or changes in buying habits which could affect consumption patterns. "Lack of demand visibility can be addressed by providing access to point of sale (POS) data. Single control of replenishment or Vendor Managed Inventory (VMI)…
References
The Bullwhip Effect. (2014). Quick MBA. Retrieved from:
http://www.quickmba.com/ops/bullwhip-effect/
Skrbek, P. (2014). Craft beer. Demand Solutions. Retrieved from:
http://www.demandsolutions.com/beer-supply-chain-management-brewery-supply-chain-software.html
CPR Model and Bullwhip Effect CPFR (Collaborative Planning, Replenishment, and Forecasting) is a growingly applied business practice aiming to lower supply chain spending through the promotion of increased cooperation, integration, and visibility between supply chains of trading partners. The phrase "trading partner" is applicable to nearly all combinations (inter, as well as intra) of manufacturers, suppliers, retailers, or distributors. CPFR itself represents an extension of older collaboration efforts such as just-in-time
Executive Summary This document considers the various points of correlation between human resources, management information systems, and supply chain management in relation to critical IBM concepts of managing an organization. It identifies how these three areas intersect and their long term value for organizations as a whole. Ultimately, they are vital aspects of operations in the contemporary business world. Introduction There are a number of eminent facets involved in the management of contemporary
For example, Mavis will be able to provide white linen assortments in the Miami, Florida area while eliminating the offering altogether in its Gainesville, Florida store. This allows the strategy to mitigate gaps in communication or overall service. Finally, the Bullwhip effect leads to many financial costs which are both tangible and intangible (Mason-Jones, 2000). Those in the supply chain must deal with the ramifications of poor customer service,
Hospital SCM Arnold Palmer Hospital Managing Service, Processes and Supply Chains Hospitals and Supply Chains - Overview Hospital Supply Chains - Advancements Standard Supply Chain Stockless Inventory Vendor Managed Inventory Consignment Automated Point of Use Systems The Next Step in Supply Chain Evolution Arnold Palmer Hospital Supply Chain The Arnold Palmer Hospital is one of the country's leading hospitals for women and children. It is located in Orlando, Florida and is currently a part of a national purchasing group in which it
Improvement of Supply Chain Management Tools and Processes for Ultimate Strategic Achievement of Success in Military and Civil Business Today, both public and private sector organisations of all sizes and types are faced with the same need to optimize their supply chain management processes to the maximum extent possible in order to achieve and sustain high levels of performance and productivity. Because supply chain management systems are frequently highly complex,
Harvard Business School case - "Zara: Fast Fashion," due a hard copy submitted Oct. 7. In write-, address question: Q: Assess adding potential arbitrage Zara. Should Zara increase arbitrage considers expansion prospects U.S. I concise write- exceed single spaced pages. Zara: 'Fast Fashion' case study Zara: 'Fast Fashion' case study Assess the value adding potential of arbitrage for Zara. Should Zara increase its use of arbitrage as it considers expansion prospects in