The Bullwhip Effect is a 50 year old problem first described by Jay Forrester at MIT in 1958. Forrester demonstrated it could take up to 6 months for a 10 percent increase in store demand to cascade across the extended retail supply chain and it could result in as much as a 40 percent increase in demand on the factory.
Fast forward to today. Suffice it to say that industry… Continue reading
Eliminating the Bullwhip Effect across the Extended Retail Supply Chain
The Bullwhip Effect is a 50 year old problem first described by Jay Forrester at MIT in 1958. Forrester demonstrated it could take up to 6 months for a 10 percent increase in store demand to cascade across the extended retail supply chain and it could result in as much as a 40 percent increase in demand on the factory.
Fast forward to today. Suffice it to say that industry… Continue reading
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