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How can Cloud Computing & Blockchain can reduce Bullwhip effect:
The bullwhip effect refers to an occurrence, taking place in the supply chain. This effect takes place when the demand at the downstream end (customer/retailer) causes larger variance at the upstream (factory/manufacturing facility).
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Is circularity a solution to Bullwhip Effect:
The concepts of the circular economy are not new to the corporate world but are causing many to rethink their business models and supply chains as companies face increasing cost pressures, supply insecurity, and increasing regulations for plastics, waste, and greenhouse gas emissions reductions. Oversupply situations offer a perfect opportunity to apply circular thinking to address the glut while also reducing waste and associated emissions.
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Five fixes of Semiconductor chip shortages
The absence of a US$1 chip can prevent the sale of a device, appliance, or vehicle worth much more. The world experienced a severe and long-lasting semiconductor shortage across multiple chip products from 2020 through fall of 2021, and we predict the chip shortage will continue through 2022, with lead times for some components pushing out to 2023, meaning it will have lasted over 24 months. The impact is still being felt across PCs, smartphones, data centers, other consumer goods, and especially the auto sector.1 The cumulative revenue impact of the shortage will likely be over US$500 billion globally from 2020 to 2022.
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Next Generation Supply Chain Model
Responding to digital supply chain disruption
Digital capabilities are disrupting the traditional supply chain operations reference (SCOR) model. A rapidly evolving landscape brings new questions regarding the nature of more complex and tightly integrated supply networks. These dynamic, interconnected systems concurrently plan, execute, and enable digital supply chains. Now, the next-generation supply chain model is here—the digital capabilities model for supply networks.
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Supply chain management has always been important. However, its relative importance is on the rise, particularly as senior executives are becoming more focused on supporting a return to growth.Trends and realities in the global economy are thrusting supply chain management to the forefront of business strategy. Executives are realizing that supply chain characteristics and capabilities ultimately define how a business can and should operate. As this new state of affairs takes hold, supply chain managers must both embrace and act upon an evolved and elevated role in strategy formation, leadership and value creation.
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The supply chain ensures that raw materials, parts, and finished products are delivered to customers promptly and efficiently. However, the supply chain is a complex system that various major factors, such as changes in demand, production delays, or supply chain disruptions, can easily disrupt.
The bullwhip effect is one of supply chain management’s most significant challenges. This phenomenon causes considerable demand fluctuations, leading to higher costs, lower efficiency, and decreased customer satisfaction.
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