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Essay Details:
Essay text:
Only recently have companies begun to tackle the ripple associated with variances in demand. The key to stemming the effect is realizing who is signaling the change in demand. Is it the manufacturer, distributor, the retailer, or the customer? Knowing where the demand shifts are originating is vital to attacking this problem.
How to manage it
There are a few methods that can be utilized to minimize the bullwhip effect. These methods are:
Portfolio approach
Postponement
Information sharing between supply chain members
1. Portfolio planning
Portfolio planning places an emphasis on diversifying the supply base...
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