Ten Ways Big Data Is Revolutionizing Supply Chain Management
Bottom line: Big data is providing supplier networks with greater data accuracy, clarity, and insights, leading to more contextual intelligence shared across supply chains. Forward-thinking manufacturers are orchestrating 80% or more of their supplier network activity outside their four walls, using big data and cloud-based technologies to get beyond the constraints [...]
Word cloud supply chain management Illustration #40537208
Stock illustration: word cloud with supply chain management related tags. 3.0 MB. 4333 x 6300. From $8. Royalty free vector, graphic, illustration. Download now >>>
The bullwhip effect
1. Definition: "It is a phenomenon observed in forecast driven supply chain and describes that the variation in demand increases up the supply chain from consumer to supplier." [http://www.scribd.com/doc/17392509/Bullwhip-Effect] -> the more steps that are in between of the consumer and the supplier, the bigger the variation gets [http://www.scribd.com/doc/17392509/Bullwhip-Effect] [http://maja.uni-mb.si/files/apem/APEM3-1_045-055.pdf] Therefore it can be said that the bullwhip effect is an…
Risk Management Process and its phases | (Training,Strategies)
This article on Risk Management Process outlines the important steps involved in this process and explains them in detail.