Bus 336 - Final Lecture with Notes not Downloadable

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Simon Fraser University
Business Administration
BUS 336
Michael Johnson

Bullwhip Effect 12/7/2011 9:07:00 PM  Bullwhip Effect: A trend of larger and larger swings in inventory in response to changes in demand, as one looks at firms further back in the supply chain for a product.  Causes: Inefficiencies in the supply chain and incurs extra costs to those in the chain  Also known as: Whiplash or Whipsaw Effect Causes  Demand Forecast Updating  When one updates their forecast using smoothing techniques, they include their safety stock as well, but other managers do not know of this in the order  Order Batching  Peroidic Ordering: Ordering all at one time, ex: Monthly ordering o Uses Material Requirement Planning (MRP) and Distribution Requirement Planning (DRP) o Called MRP and DRP jitters  Push Ordering: Sudden surges in the ordering period  Price Fluctuation  Promotions can cause consumers to stock up on items tha
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