Minimize Supply chain Disruptions and the Bullwhip Effect. Supply chain disruptions can have a significant impact on businesses, leading to increased costs, decreased customer satisfaction, and decreased profits. The bullwhip effect is a phenomenon...
Managing inventory flows in the supply chain is a crucial aspect of running an efficient and effective business. The goal is to balance the need for product availability with the costs associated with holding...
Robot army helps run warehouses Amazon has implemented a number of robotic technologies in its supply chain to increase efficiency and reduce costs. These include: Kiva robots: These are autonomous mobile robots that move...
The Beer Game – Inventory Management Professors Brad Morrison, Jim Hines, and Paulo Gonçalves teach their organizational behavior and supply chain management classes how to play the beer game. Supply Chain Training and Videos...
The Bullwhip Effect Professor Hau Lee (Stanford University) talks about his research in supply chain management and how the Bullwhip Effect influences distribution chains. Lee describes industry trends and emerging markets. The bullwhip effect...
IoT (Internet of Things) is a system of interconnected devices, vehicles, and other physical objects that are embedded with sensors, software, and other technologies to collect and exchange data. In the context of supply...
Min-Max Inventory Supply Chain Strategies Min-max inventory strategy is a method used in supply chain management to determine the optimal inventory levels for a product. The strategy involves setting a minimum and maximum inventory...
Inventory Management Training in 3 minutes – ABC Classification ABC Classification is a method used in inventory management to prioritize and manage different items based on their relative importance. The idea behind ABC classification...
“The Goal” is a novel written by Eliyahu Goldratt and Jeff Cox, first published in 1984. The book is a business novel that tells the story of Alex Rogo, a plant manager who is...
Third-Party Logistics (3PL) and Fourth-Party Logistics (4PL) are both types of logistics providers, but they differ in the services they offer and the role they play in the supply chain. 3PL is a type...
