Do You Know the Bullwhip Effect? How an Order of 10 T-Shirts Can Ruin an Entire Factory – Welcome to the Whiplash Effect!
Imagine a simple scenario: a clothing store experiences a slight increase in demand for a trendy t-shirt design. This week,…
Tag: supply chain management
SUPPLY CHAIN PRACTITIONERS URGED TO ATTEND SUSTAINABILITY MASTERCLASS
A company’s supply chain is responsible for most of its environmental impact. Global supply chains account for more than 90% of the…
Artificial Intelligence Can Save Lives by Strengthening Pharmaceutical Supply Chains
Can artificial intelligence (AI) predict a drug shortage before it starts? This was one of the themes explored by a…
SUPPLY CHAIN DICTIONARY : BUFFER STOCK
The expression of the week is buffer stock, a key supply chain management concept that helps to deal with contingencies…