One Way to Reduce the Bullwhip Effect Is for Supply

question 30

Multiple Choice

One way to reduce the bullwhip effect is for supply chain members to

• A)make ordering decisions independently of each other.
• B)create demand forecasts independently of other supply chain members.
• C)share demand forecasts with other supply chain members.
• D)restrict information flows between supply chain members.

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Definitions:

Communication

The process of transmitting information, ideas, emotions, skills, and knowledge from one person or group to another.

Negotiation

A dialogue between two or more parties aimed at reaching a consensus or resolving a problem.

Social Bandwidth

The range and depth of interpersonal communication that can occur within a particular social interaction or through a communication medium.

Role Reversal

A situation in which two or more individuals switch roles or positions to gain a better understanding of the other's perspective or responsibilities.