How to reduce the bullwhip effect involves understanding the bullwhip effect definition, the causes, and the solutions needed for reduction and prevention. Before we discuss how to reduce the bullwhip effect, let’s define the bullwhip effect. INVENTORY CONTROL • Automated Inventory Re-Order Points • Inventory and Order Management • Advantages of a Perpetual Inventory System • What is…continue reading
Inventory optimization solutions for 2021 and beyond
Inventory optimization solutions balance inventory levels and customer demand in ways that achieve optimal customer satisfaction and business profitability. Disruptions to business are inevitable and constantly occurring—from technological advances to consumer expectations to labor strife to mergers and acquisitions to cyberattacks to natural disasters to a global pandemic. The above statement was made in response…continue reading
