Question: Write using a different words for the following paragraph: In my understanding, the major of the objectives of the game are: understanding the Supply Chain

Write using a different words for the following paragraph: In my understanding, the major of the objectives of the game are: understanding the Supply Chain Dynamics: The game helps us to understand the dynamics of supply chain management, including lead time, customer demand, and inventory management. Secondly demonstrating the Bullwhip Effect, basically the game is designed to demonstrate the bullwhip effect, a phenomenon in supply chain management where order variances increase up the supply chain from the customer to the manufacturers. And Learning about the Cost Efficiency that means the Participants in the game has to learn about the importance of cost efficiency in supply chain management, including the costs of holding too much or too little inventory

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!