Explain the concept of the bullwhip effect

Reference no: EM133382523

Question 1: Explain how the analytical tools for Six Sigma and continuous improvement can be applied to assure the dimensions of design quality are achieved relative to supply chain management. Link this concept to supply chain risk mapping and to service fail-safing. Use a specific example to support your answer to this question.

Question 2: Explain the concept of a value stream map, the value provided by utilizing a value stream map, and how statistical process control can be applied to the value stream map to help improve a supply chain process.

Question 3: Explain the concept of inventory turns and link this to concepts of make-to-stock and forecasting theory.

Question 4: Explain the concept of the bullwhip effect. What is some way to anticipate, mitigate, and prevent a bullwhip effect? If a bullwhip effect happens, what is the impact on the supply chain management process?

Question 5: Explain what mode of transportation is involved in the movement of the greatest number of products; and what mode of transportation is limited to specialized products such as liquids and gases.

Reference no: EM133382523

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