What is the effect of the lack of synchronization among supply chain members called?
Fill in the blank(s) with the appropriate word(s).
the bullwhip effect
This phenomenon of variability magnification as we move from the customer to the producer in the supply chain is often referred to as the bullwhip effect.
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Asset turnover in an organization is an example of internal company metrics
Indicate whether the statement is true or false
Which of the following is NOT an appropriate internal control for cash receipts over the counter?
A) A receipt is issued for each transaction to ensure that each sale is recorded. B) The store clerk deposits the cash in the bank. C) At the end of the day, the manager proves the cash by comparing the cash in the drawer against the machine's record of cash sales. D) The cash draw opens after the store clerk enters a transaction.
Concrete language is effective only if it is sufficiently emotionally charged to stimulate a response
Indicate whether the statement is true or false
Which of the following is TRUE regarding an open price term?
a. It makes the contract unenforceable. b. The price may be fixed by the seller. c. The price is the "reasonable" price at the time of delivery. d. The price is set by the buyer.