bullwhip

Englisch - Türkisch

Englisch - Englisch

Definition von bullwhip im Englisch Englisch wörterbuch: A whip made from plaited leather, often with a knotted end, for use with livestock; To beat with a bullwhip; A bullwhip is a very long, heavy whip; {i} heavy leather whip
bullwhip effect: The Bullwhip Effect (or Whiplash Effect) is an observed phenomenon in forecast-driven distribution channels. The concept has its roots in J Forrester's Industrial Dynamics (1961). Because customer demand is rarely perfectly stable, businesses must forecast demand in order to properly position inventory and other resources. Forecasts are based on statistics, and they are rarely perfectly accurate. Because forecast errors are a given, companies often carry an inventory buffer called "safety stock". Moving up the supply chain from end-consumer to raw materials supplier, each supply chain participant has greater observed variation in demand and thus greater need for safety stock. In periods of rising demand, down-stream participants will increase their orders. In periods of falling demand, orders will fall or stop in order to reduce inventory. The effect is that variations are amplified as one moves upstream in the supply chain (further from the customer)
bullwhips: plural of bullwhip