Discuss the Advantages of Holding Inventory Far Upstream or Downstream

question 71

Essay

Discuss the advantages of holding inventory far upstream or downstream in the supply chain.

---

Definitions:

Observational Learning

Learning that occurs by watching the actions and outcomes of others' behaviors, without direct experience.

Imitate

The action of copying or mimicking the behaviors, actions, or characteristics of another individual or model.

Vicarious Punishment

Vicarious punishment occurs when an individual observes another being punished and then changes their own behavior to avoid experiencing the same consequences.

Discontinue

To bring an activity or process to an end or halt its continuity.