What is the bullwhip effect? Please provide an example as part of your answer. 2) Find...

What is the bullwhip effect? Please provide an example as part of your answer.

2) Find an example of a firm that experienced (is experiencing) supply chain disruption as a result of the COVID-19 pandemic. Describe the disruption and how the firm responded to the disruption. Please be sure to cite your source(s).

What is the bullwhip effect? Please provide an example as part of your answer.

Solutions

Expert Solution

1) Bullwhip effect is a supply chain phenomenon where the supply of the product is driven by the demand of the product. As one moves upward in the supply chain, the inventory fluctuates as per the demand of the customer. Companies order more and more amouint of goods to meet the increasing demand. It starts from the retailer and flows downward to the raw material supplier. For example the retailer maintains the stock of 100 packs of 10-pack bottles of softdrink.

2) Almost 75% of the world companies are facing supply chain disruption due to COVID-19 which includes pharmaceuticals and manufacturers. One example is pharma sector in India(Sun Pharmaceutical).

Due to lockdown in India the transportation and courier service of medical supplies have stopped. Some state government authorities are not issuing permits for manufacturing drugs. Printers are not available for packaging medicines and there is no supply of parts or equipment from China which accounts almost 70% of import.

This is how the industry is handling the situation is-
-Since the importing from China has stopped so the manufacturing of drugs is taking place within the country.
-Simulation models have been built which are considering the inventory and demand levels.
-Analysis of increased freight cost and export restrictions.
-The industry has also enhanced the workforce planning and employee protection programs
- Contacting through technology and ERP
- Setting up risk analysis tool for the have monitoring of current supply and demand.
- Jointly working with other companies of supply chain management to mitigate the risk
- Enhanced testing of drugs
-geographically moving on to local areas for supply chain management

Source- The Economic Times , Hindustan Times and ndtv

keosha answered 1 year ago

Next > < Previous

Related Solutions

1. what is hydrophobic effect? please provide your answer in the context of drug-target intereactions. 2....

1. what is hydrophobic effect? please provide your answer in the context of drug-target intereactions. 2. Discuss thermodynamics of binding (i.e. discuss thermodynamic parameters that affect affinity). How do these parameters are affected by the hydrophobic effect? 3. suggest an experiment to dissect the contribution of these parameters and briefly describe it/

1Write some of the risks in international logistics? 2.What is Bullwhip effect? What are the major...

1Write some of the risks in international logistics? 2.What is Bullwhip effect? What are the major cauyes ses of the bullwhip effect?

1. What is RFID's primary purpose in the supply chain? 2. What is the bullwhip effect...

1. What is RFID's primary purpose in the supply chain? 2. What is the bullwhip effect and how can it affect a supply chain and a firm's profitability? 3. Explain the following and how each impact the supply chain - procurement, logistics, and materials management.

what is the beer game? what is the bullwhip effect? what will you do to improve...

what is the beer game? what is the bullwhip effect? what will you do to improve the performance(minimize the costs, including inventory holding cost ($1/each case) and backorder cost ($2/each case)) in the next game?

PART 2 Please answer these with true and false answers, but please give your explainations, use...

PART 2 Please answer these with true and false answers, but please give your explainations, use diagrams if necessary 5. Suppose the government funds the provision of a pure public good from tax revenue. The total burden to the economy of providing the good exceeds the amount spent on the good. 6. A decrease in posted (nominal) interest rates necessarily means a decrease in real interest rates. 7. At the end of 2016 the Canadian dollar exchange rate with the...

Please answer Part 2 (b) And please type your answer,hand-writing is sometimes hard to figure out...

Please answer Part 2 (b) And please type your answer,hand-writing is sometimes hard to figure out Before mid-night thanks Part 1 Waterways has a sales mix of sprinklers, valves, and controllers as follows. Annual expected sales: Sale of sprinklers 460,000 units at $26.50 Sale of valves 1,480,000 units at $11.20 Sale of controllers 60,000 units at $42.50 Variable manufacturing cost per unit: Sprinklers $13.96 Valves $ 7.95 Controllers $29.75 Fixed manufacturing overhead cost (total) $760,000 Variable selling and administrative expenses...

Please provide your own example of KNN algorithm

Please provide your thoughts: What is the term "tax morality"? ????If for example, your company has...

Please provide your thoughts: What is the term "tax morality"? ????If for example, your company has a subsidiary in Russia where some believe tax evasion is a fine art, the morality is to comply with Russian tax laws or violate the laws?

please answer part 2 . the code for part 1 is provided at the end. Part...

please answer part 2 . the code for part 1 is provided at the end. Part 1 There is a pair of functions in stdlib.h (make sure to include it) that are used for generating pseudo-random numbers. These are "srand" and "rand". Examples are on pages 686 and 687. E.g., function "srand(3)" provides the seed value of 3 to the srand function. (3 is just a number, and probably isn't even a good number for this purpose, but that's a...

Please provide appropriate answer in your own words. Write some details not 2 sentences only What...

Please provide appropriate answer in your own words. Write some details not 2 sentences only What your research strategies will be for finding current, academic articles for your research paper. Explain any methods for finding good articles you have used in the past, or some ideas for how you might do research for a particular paper. Be honest about your research methods. Having more ideas about how to find good articles will be more helpful.

Subjects