To mitigate the bullwhip effect, each location in a supply chain should plan for the demand received at that location. Group of answer choices True False

Question

Business

Heaven Haley

4 December, 00:19

To mitigate the bullwhip effect, each location in a supply chain should plan for the demand received at that location. Group of answer choices True False

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Answers (1)

Know the Answer?

Brendon Newman · Answer 1

The statement is: True.

Explanation:

The bullwhip effect occurs when the quantity demanded of a product changes in a supply chain which causes one of the links of the chain to request more of that good to meet the new demand level. Ways to avoid the bullwhip effect are improving retailers' forecast accuracy or adopting a demand-driven supply chain management by which the quantity of goods received at each location implies what the retailers' request.