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The scientific approach requires that theories be stated
Dampening Scenario
A situation where fluctuations in demand or supply are reduced or stabilized to minimize the impact on operations or planning.
Bullwhip Measure
A metric that quantifies the increase in variability or fluctuations in order and inventory levels observed as one moves up the supply chain from retailers towards manufacturers.
Supply Chain
The network of manufacturers, suppliers, and logistics providers involved in producing and delivering a product to the end user.
Variance
A statistical measure of the dispersion showing how much the values in a data set diverge from the mean or expected value.
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