TY - GEN
T1 - Bullwhip effect mitigation in trading system
T2 - World Congress on Engineering 2011, WCE 2011
AU - Rodrigues, Lewlyn L R
AU - Hebbar, Sunith
AU - Herle, Ramdev
PY - 2011/11/14
Y1 - 2011/11/14
N2 - This paper deals with the modelling and simulation in the business of packaging where products are stocked based on forecasting and inventory policies. The model refers to the stochastic demand between the manufacturer, retailer and customers. The main objective of this paper is to reduce the Bullwhip Effect and enhance the efficiency of supply chain. The key variables of study are Supplier ordering rate, Supply line, Acquisition rate, Shipment rate, Backlog, Inventory, and Indicated orders. The results depict that lead time has to be brought down to four weeks, in the trading industry under consideration, if there has to be a drastic reduction in Bullwhip Effect. Accordingly, suggestions are made to reduce lead time through root cause analysis.
AB - This paper deals with the modelling and simulation in the business of packaging where products are stocked based on forecasting and inventory policies. The model refers to the stochastic demand between the manufacturer, retailer and customers. The main objective of this paper is to reduce the Bullwhip Effect and enhance the efficiency of supply chain. The key variables of study are Supplier ordering rate, Supply line, Acquisition rate, Shipment rate, Backlog, Inventory, and Indicated orders. The results depict that lead time has to be brought down to four weeks, in the trading industry under consideration, if there has to be a drastic reduction in Bullwhip Effect. Accordingly, suggestions are made to reduce lead time through root cause analysis.
UR - http://www.scopus.com/inward/record.url?scp=80755123056&partnerID=8YFLogxK
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M3 - Conference contribution
AN - SCOPUS:80755123056
SN - 9789881821065
VL - 1
T3 - Proceedings of the World Congress on Engineering 2011, WCE 2011
SP - 587
EP - 592
BT - Proceedings of the World Congress on Engineering 2011, WCE 2011
Y2 - 6 July 2011 through 8 July 2011
ER -