ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Is an ineffective way to motivate warehouse employees
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Applies to rodeos and has nothing to do with supply chain management
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Refers to the “swaying” motion associated with triple trailers
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Refers to variability in demand orders among supply chain participants.
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Detailed explanation-1: -The bullwhip effect is a supply chain phenomenon describing how small fluctuations in demand at the retail level can cause progressively larger fluctuations in demand at the wholesale, distributor, manufacturer and raw material supplier levels. The effect is named after the physics involved in cracking a whip.
Detailed explanation-2: -The bullwhip effect refers to the phenomenon where order variability increases as the orders move upstream in the supply chain. This paper provides a review of the bullwhip literature which adopts empirical, experimental and analytical methodologies. Early econometric evidence of bullwhip is highlighted.
Detailed explanation-3: -Expert Answer The bullwhip effect occurs due to poor demand forecasting.