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Bullwhip Effect
A phenomenon in supply chain management where small fluctuations in demand at the retail level cause increasingly larger fluctuations in demand at the wholesale, distributor, and manufacturer levels.
Supply Chain
A network between a company and its suppliers to produce and distribute a specific product to the final buyer.
Internet-Based Inventory
Inventory management systems that use internet technologies to monitor and manage the stock levels of products.
Net Profit Margin
A financial metric showing the percentage of revenue remaining after all operating expenses, taxes, and interest have been deducted.
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