The Internet

question 23

Multiple Choice

The Internet

• A)has unleashed a number of successful business models.
• B)has unleashed a number of unsuccessful business models.
• C)can be factored into most successful business models.
• D)All of the above.

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Definitions:

Bullwhip Effect

The phenomenon where variations in demand cause increasingly larger fluctuations in the supply chain, often leading to inefficiency and excess inventory.

Vendor Managed Inventory

A supply chain agreement where the supplier assumes the responsibility of managing inventories and stock replenishment for the customer.

Continuous Replenishment Systems

A logistical strategy whereby inventory is continuously monitored and replenished to maintain optimal levels at all times.

VMI System

A collaborative strategy where suppliers take responsibility for managing inventory levels at the customer's site, often improving supply chain efficiency and reducing stocking costs.