Technology’s Role in Reducing the Bullwhip Effect: Innovations That Make a Difference
The bullwhip effect is a phenomenon that can wreak havoc on supply chains. It’s when small changes in consumer demand ripple through the supply chain, causing larger fluctuations at each level. Picture this: a minor uptick in sales leads to overproduction, stockouts, and eventually wasted resources. In today’s fast-paced world, companies are feeling the pressure…