Understanding the overall extent of the game

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Reference no: EM133622123

Question

Frankly, initially understanding the overall extent of the game was somewhat challenging, given that the primary objective of this game was to lessen the Bullwhip Effect, not to completely eliminate it, as some degree of inventory fluctuation is unavoidable in any supply chain. As a result, my main approach was to concentrate on diminishing the Bullwhip Effect, and to achieve this, there are certain strategies to consider before engaging in the game. Firstly, disseminating demand information across the supply chain can help decrease uncertainty and enhance the precision of demand predictions. Secondly, refrain from making orders in large volumes. Instead, order more regularly in smaller amounts. Lastly, curb the impulse to overreact to demand indicators, such as a single occurrence of heightened demand.

Reference no: EM133622123

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