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Bullwhip Forrester Effect: How Sudden Demand Increases Affect Supply Chains

  Рет қаралды 79,387

Ian Johnson

Ian Johnson

Күн бұрын

The bullwhip effect, or more commonly referred to as the Forrester effect, concerns supply chain disruptions that occur when demand suddenly spikes upwards.
These sudden and unforeseen spikes in customer demand force every member of a given supply chain to increase their inventory counts in anticipation of future volumes and sales. Unfortunately, a week or two later and that demand is non-existent.
Companies must understand the bullwhip effect and know their place within a given supply chain. Once they understand their position, they can be better prepared to handle sudden increases in customer demand.
The video provides an example of a consumer-based product where the supply chain is defined by the retailer who purchases from the wholesaler who purchases from the distributor who then purchases from the manufacturer.
The video provides insight into five critical areas that companies should track and be aware of when suddenly coming face-to-face with an unscheduled increase in demand.

Пікірлер: 89
@Icwuds
@Icwuds 4 жыл бұрын
This was really nicely explained. Saved me a lot of time from my assignment on this matter.
@crazysisterstelugu5884
@crazysisterstelugu5884 3 жыл бұрын
In this video I have clearly explained bullwhip effect and how to reduce bullwhip effect with a simulation activity explained in Telugu kzbin.info/www/bejne/h4HcnGmAgpeefZY
@marcinrykaczewski3841
@marcinrykaczewski3841 8 ай бұрын
The best explaination of the bullwhip effect on youtube. Thanks!
@xnl3626
@xnl3626 4 жыл бұрын
its so cool when you say "suddenly, extremely, popular", the interupts between these three words and the two cool snaps.
@jennalahikainen9761
@jennalahikainen9761 4 жыл бұрын
I've been going through so many different sources trying to understand what the bullwhip effect really means and FINALLY I got it! Thank you, such a great video!
@Driveyoursuccess
@Driveyoursuccess 4 жыл бұрын
Thanks Jenna!
@Driveyoursuccess
@Driveyoursuccess 4 жыл бұрын
Thank you Jenna. Take care
@vitumbikomhango8381
@vitumbikomhango8381 10 ай бұрын
preparing for an exam tomorrow and this just saved me. Thank you!
@Mr44magnum0706
@Mr44magnum0706 2 жыл бұрын
So I heard of this terminology today and I’ve been a cog in the machine for a while, thanks for the break down
@Xtreme1215
@Xtreme1215 8 жыл бұрын
Great video, well explained. Helped me out a ton! Thank you.
@madspedersen200
@madspedersen200 3 жыл бұрын
I had no clue what this was about in my text book, but this video made it a piece of cake to understand! I understood the Bullwhip effect before half way through the video.. thanks!
@Nk_Alexis
@Nk_Alexis 3 жыл бұрын
lol me to, i am currently doing masters, technology management and one of the courses i took, has the bullwhip effect case and i couldn't get it , but this video.........woow! thx to this guy
@boburabdullaev195
@boburabdullaev195 7 жыл бұрын
Well done. It is straightforward to comprehend. Thank you so much Mr. Ian Johnson
@Driveyoursuccess
@Driveyoursuccess 7 жыл бұрын
My pleasure
@carlosvalencia8804
@carlosvalencia8804 6 жыл бұрын
Also, Ian, I would like to add that you can have another form of player in that model. Our business typically has internal Business Units that act as storage warehouses...and they in turn hold consignment warehouses. Golly this can be convoluted! Thanks for the help!
@patryknext
@patryknext 4 ай бұрын
Well, example with beer is simply but great - valuable movie, its helped me during prepare for final exam
@erikayomar04
@erikayomar04 6 жыл бұрын
Very well explained.. I had an assignment on this and didn’t quite understood the concept until I saw your video. Thank you so much for sharing your knowledge and passion with us! 👍🏼
@eliasnkosi3796
@eliasnkosi3796 4 жыл бұрын
Thank you so much I'm doing my honours degree now, we did this at undergraduate level I never understood it I only understood it now, thanks nicely explained
@Driveyoursuccess
@Driveyoursuccess 4 жыл бұрын
Thank you Elias. If you have any ideas for videos - just let me know.
@Vitilomani1
@Vitilomani1 2 жыл бұрын
Thank you for simplifying it.. Very clear indeed.
@mattc677
@mattc677 2 жыл бұрын
Excellent. Thank you.
@blessingmakamera2029
@blessingmakamera2029 3 жыл бұрын
Thank you. Brilliant presentation
@noorjarrar122
@noorjarrar122 2 жыл бұрын
Thank you, very useful.
@zyangchoo1586
@zyangchoo1586 4 жыл бұрын
Fanstastic well explained !!! Example provided.. it helped a lot tks
@ruchikasharma1831
@ruchikasharma1831 4 жыл бұрын
Thanks! Concept Simply explained which is going to stay with me 😊
@roseanebrown4237
@roseanebrown4237 3 жыл бұрын
Excellent lecture Sir. Thank you
@wakingfromslumber9555
@wakingfromslumber9555 3 жыл бұрын
Excellent explanation many thanks Ian !
@layanvidealwis9830
@layanvidealwis9830 8 жыл бұрын
Thank you so much. All doubts are cleared.
@ejcmoorhouse
@ejcmoorhouse 4 жыл бұрын
Brilliant really helpful in my understanding of the effect. Put across nice and simply.
@JhonatanTirado
@JhonatanTirado 4 жыл бұрын
Excellent explanation! Thanks
@bingoman263
@bingoman263 2 жыл бұрын
thank you so much
@chirayubatta
@chirayubatta 5 жыл бұрын
Amazing video. Thanks for the brief explanation. Cheers!!
@lukasmaidhof4992
@lukasmaidhof4992 4 жыл бұрын
Wonderfully explained, really appreciate it!
@Ahmedax1
@Ahmedax1 2 жыл бұрын
Can you explain reverse bile hip and also in both cases the impact on consumer pricing
@easyaptitude1505
@easyaptitude1505 5 жыл бұрын
Thank you so much !!! I wish you were my professor. ....
@CesarFlores-nk4sm
@CesarFlores-nk4sm Жыл бұрын
Great Video. Theres a popular article about this called '" the bullwhip effect in supply chains" by HauL. Lee that explains more detail how to counteract it. :)
@Driveyoursuccess
@Driveyoursuccess Жыл бұрын
Thanks for the info!
@KMT186
@KMT186 4 жыл бұрын
Really well explained! Thank you Ian!
@Driveyoursuccess
@Driveyoursuccess 4 жыл бұрын
Thanks Thomas!
@umarbazarbaev7423
@umarbazarbaev7423 6 жыл бұрын
Just Perfect to understand the main core
@Zi_gemi8222
@Zi_gemi8222 4 жыл бұрын
Great explanation. Thanks.
@umarbazarbaev7423
@umarbazarbaev7423 6 жыл бұрын
Thank you Mr Ian Johnson
@crazysisterstelugu5884
@crazysisterstelugu5884 3 жыл бұрын
In this video I have clearly explained bullwhip effect and how to reduce bullwhip effect with a simulation activity explained in Telugu kzbin.info/www/bejne/h4HcnGmAgpeefZY
@josesugapapirivera1632
@josesugapapirivera1632 5 жыл бұрын
Wow, great video!!!!! Its clear to me now.
@aminaa1197
@aminaa1197 6 жыл бұрын
Very well explained. Thanks
@sydneyndlovu5011
@sydneyndlovu5011 4 жыл бұрын
Thanks, great explanation
@johnfusilero5206
@johnfusilero5206 4 жыл бұрын
Great explanation! Thanks!
@Driveyoursuccess
@Driveyoursuccess 4 жыл бұрын
Thanks John
@mike-brillquayson3195
@mike-brillquayson3195 5 жыл бұрын
Woooow that's great, I love that presentation. Its awesome.
@vidarakannangara1233
@vidarakannangara1233 3 жыл бұрын
this was perfect! LEGIT!
@NoncedolucyNtsangani
@NoncedolucyNtsangani 11 ай бұрын
Very nice
@user-fl9oh4fp8l
@user-fl9oh4fp8l 8 жыл бұрын
Thank you. Very easy explained.👍
@Driveyoursuccess
@Driveyoursuccess 8 жыл бұрын
Thank you
@Ganjdizayee
@Ganjdizayee 4 жыл бұрын
well explained thank you
@jbertucci
@jbertucci 3 жыл бұрын
just a questiln, sudden demand, even for goods that don't exist?
@sahand5277
@sahand5277 3 жыл бұрын
Number 5 example: Corona pandemic when the demand for surgical masks and toiletry sky rocketed!
@ebrahimzourob6920
@ebrahimzourob6920 3 жыл бұрын
That's Really great/helpful video. Thanks!
@clayton328
@clayton328 5 жыл бұрын
This was so helpful, thank you!
@nomthandazomhaule5992
@nomthandazomhaule5992 3 жыл бұрын
Oh this helped me to understand the concept of the bullwhip effect thanks
@karthikm1291
@karthikm1291 3 жыл бұрын
Sir how to used to this method in stock market
@fullbliss42
@fullbliss42 8 ай бұрын
VERY GOOD, THATS
@ramairluvr
@ramairluvr 8 жыл бұрын
Very concise...well done.
@Driveyoursuccess
@Driveyoursuccess 8 жыл бұрын
Thanks a bunch. Let me know if you need any other topic covered. Take care
@flankspankrank
@flankspankrank 8 жыл бұрын
+Ian Johnson Can you cover the flywheel effect? As in companies reactions to the bullwhip causing further distortion.
@mohsinagavines
@mohsinagavines 6 жыл бұрын
Thank you sir.
@OtilaOsborne
@OtilaOsborne 6 жыл бұрын
Really good thanks
@mahmoudbadr4316
@mahmoudbadr4316 8 жыл бұрын
really iam very happy to subscribe your channel very very nice.thanks a lot
@solnest555
@solnest555 3 жыл бұрын
Ohh thank you!
@naveenhv82
@naveenhv82 5 жыл бұрын
Very helpful
@ansbekk
@ansbekk 2 жыл бұрын
This is exactly what happened with toilet paper, and disinfectants when the pandemic hit. An increase of demand due to unforeseen circumstances (COVID-19)
@douglashagan65
@douglashagan65 3 жыл бұрын
Well usually you know they put a steel tip on the end of that rope and that would be something that would be a deadly weapon in the hands of a ninja
@nehasamson6151
@nehasamson6151 5 жыл бұрын
good one...
@christianokwara
@christianokwara 4 жыл бұрын
I love the video Ian. I have one question though. Can JIT prevent any member of the supply chain from falling prey to the bullwhip effect considering that in JIT, you replace exactly the amount of inventory consumed?
@Driveyoursuccess
@Driveyoursuccess 4 жыл бұрын
Hi Christian.Unfortunately no. Remember with the Bullwhip effect, the increase in demand comes from the top - from your company - so it cascades down to your suppliers.
@hugocharlier6998
@hugocharlier6998 Жыл бұрын
that's my man
@कॉम्पिटिशन_एग्जाम
@कॉम्पिटिशन_एग्जाम 6 жыл бұрын
Nice work lad
@souvikroy2046
@souvikroy2046 5 жыл бұрын
Can you make a video on network marketing.
@MrJamiBlack
@MrJamiBlack 6 жыл бұрын
huge like !!!
@rushabhshinde5209
@rushabhshinde5209 5 жыл бұрын
Can you give some examples of bullwhip effect.. one example which I know about is P&G's best selling product Pampers.. could you name some of the others.....?
@Driveyoursuccess
@Driveyoursuccess 5 жыл бұрын
The bullwhip effect typically happens during peak Holiday seasons. Unanticipated demand - or excessive demand. Hot product - not enough stock throughout the supply chain. Or, in other cases, companies expected high demand - overstocked throughout supply chain - but the customer demand wasn't there.
@yamahapilot
@yamahapilot 2 жыл бұрын
(5) unforeseen - 2022
@jameshookings4914
@jameshookings4914 7 жыл бұрын
Great video, thanks Ian.
@charleshart5563
@charleshart5563 8 жыл бұрын
Nice but who does it effect most? that would be a good analysis. Probably the manufacturer but, I guess thats the risk they take.
@carlosvalencia8804
@carlosvalencia8804 6 жыл бұрын
Ian, you forgot one thing....WHERE DO I SET MY INVENTORY LEVELS NOW???? Ha ha
@mikehackenschmidt8765
@mikehackenschmidt8765 3 жыл бұрын
But sir, beer is already liquid
@upendomkusa9703
@upendomkusa9703 2 жыл бұрын
M.i8 .
@Mirror-pi2cs
@Mirror-pi2cs 3 жыл бұрын
gold will never depreciate, am here 2021
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