This preview shows page 1. Sign up to view the full content.
Unformatted text preview: retailers perspective the demand is not very different from week to week. Often time the retailer becomes scared of a shortage and over orders and the demand curve goes out of proportion. (Bullwhip effect: the little change in demand creates a dramatic change in demand.) Better communication helps firms focus on end user demand. Supply chain management has to consider facilities, inventory, transportation, and Information. A firm needs a way to check and update inventory. Benefits of SCM: Faster replenishment Reduced Cost More accurate order processing Strategic relationships with suppliers Greater agility and responsiveness...
View Full Document
This note was uploaded on 08/15/2011 for the course ACIS 1504 at Virginia Tech.