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: Â∙ Faster replenishment Â∙ Reduced Cost Â∙ More accurate order processing Â∙ Strategic relationships with suppliers Â∙ Greater agility and responsiveness...
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- Supply Chain Management