Examlex
When you imagine how a room would look with the furniture arranged differently,you are using
Bullwhip Effect
A phenomenon in supply chain management where small fluctuations in demand at the retail level cause progressively larger fluctuations in demand at the wholesale, distributor, and manufacturer levels.
Supply Chain
The supply chain is a system of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer.
Buffer Inventory
Inventory kept in reserve to protect against unforeseen supply or demand fluctuations.
Supply Chain Inventory
This is the total of all the goods and raw materials held by different companies participating in the supply chain from production to the sale of the final product.
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