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Author Question: Converting raw data into a more meaningful form is called A) capturing. B) processing. C) ... (Read 151 times)

clmills979

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on: Jul 7, 2018
Converting raw data into a more meaningful form is called
 
  A) capturing.
  B) processing.
  C) organizing.
  D) feedback.
  E) analysis.

Question 2

What is the bullwhip effect in the context of supply chain management?
 
  What will be an ideal response?


mohan

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Reply #1 on: Jul 7, 2018
Answer to Question 1

B

Answer to Question 2

The 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. Small fluctuations in retail sales trigger large swings in inventory levels, as the retailer sends orders to the distributor to replenish the stock, and the distributor follows up with orders to the manufacturer. As orders are filled and products shipped, inventory builds up in some places but shortages occur in others.


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