BDG Integration Concepts

forecasts

The Bullwhip Effect is caused by amplified _____ and their corresponding orders when there is no transparency in the supply chain.

human

According to the source material, the Bullwhip Effect is a function of _______ behavior?

limited; knowledge

Basing production only on information from the next tier creates _______ visibility. Without full demand ________ from the end customer, firms can make poor supply decisions.

end customer demand data

The most significant way to reduce the Bullwhip Effect is to share ___ _______ _______ ____ upstream in the supply chain.

visibility

ERP systems help to mitigate the Bullwhip Effect by improving ________.

lead times

Besides information sharing, one solution to the Bullwhip Effect is shortening the ____ _____ of each tier in the supply chain.

Vendor Managed Inventory (VMI).

a supply chain strategy where the supplier is responsible for monitoring and replenishing a customer's inventory levels

VMI

What inventory management strategy is a potential solution to the Bullwhip Effect?

discounting

Pricing strategy can help mitigate the Bullwhip Effect by eliminating ________ or hi/lo pricing to reduce price and demand variation.

periodic ordering

Customer ordering behavior contributes to the Bullwhip Effect through _________ ________ (e.g., once per month); reducing this practice is a solution

variety; demand; flexibility

The key elements of the efficiency-responsive spectrum in supply chain strategy are product _______, variation in customer _______, and ______ categories.

Fit

The alignment of strategy, capabilities, customer priorities, structure, and network design.

Capacity, inventory, time, information, and price.

What are the five 'levers' of supply chain capabilities?

Facilities, inventory, transportation, information, sourcing, and pricing.

What are the six 'drivers' of supply chain performance?

speculative; reactive

A push/pull strategy impacts inventory placement in a network by determining the point in the supply chain where inventory shifts from being _______ (push) to being ______ to actual orders (pull).

Efficient

What type of supply chain strategy is best suited for a product with high volume and low demand variation?

Responsive

What type of supply chain strategy is best suited for a product with low volume, a high product mix, and high demand variation?

variety; variation

The two primary sources of uncertainty in a supply chain are product ______ and _______ in customer demand.

synchronizing

One of the key concepts from class activities involves understanding and _____ flow to prevent bottlenecks.