Today’s supply chains are in turmoil — much of which is caused by the responses of participants in the supply chain to wild swings in demand. The loads on supply chains surge, experience a period of lesser load, and then surge again because the supply chain are systems. This is known as the “bullwhip effect.”
Today’s Supply-Chain Fluctuations Require Systemic Solutions
These four strategies can give you a competitive edge.
October 24, 2022
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Summary.
The wild swings in supply and demand initially unleashed by the pandemic have wreaked havoc on supply chains. But there are actions that companies can take to mitigate the oscillations. They include: take steps to drastically reduce lead and response times, provide each link in the supply chain with better information, and adjust — rather than abandon — your just-in-time inventory management system, and resist point, rather than system, solutions.