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Business Operations Logistics Management

Solving the bullwhip effect in Logistics and Supply Chain

Unlock the full potential of your Supply Chain by solving coordination problems and minimizing internal variability.
Rating: 3.5 out of 53.5 (4 ratings)
540 students
Created by Jorge Luis Botero Bernal., Gregory Obert, Ahsan Karim
Published 7/2019
English
English [Auto]
30-Day Money-Back Guarantee

What you'll learn

  • Understand the goal of Coordination in supply chain management, and the effects that the lack the coordination creates.
  • Understand the obstacles that lead to a misaligned supply chain.
  • Learn managerial strategies to achieve coordination and avoid the obstacles that prevent it.
  • Learn coordinating operational tactics to improve profits and reduce operational expenses and costs.
  • Establish a collaborative environment between companies to maximize coordination in the supply chain.
  • Develop solid knowledge through practical cases, to enhance the implementation of the strategies learnt.

Requirements

  • Basic understanding of business-related terms are expected, but not required.

Description

The phenomenon known as "The Bullwhip Effect" is found in all industries. This phenomenon is demonstrated to be the responsible for the systemic inefficiency that disseminates and gets amplified along the different companies and entities that pertain to a Supply Chain.

This course, being the first of a series of courses on related topics, will allow you to understand the main paradigm of Supply Chain Management, unleashing the ability to to further apply all the necessary tools and strategies for a correct and efficient management.


Completing this course you will be able to:

  1. Understand the bullwhip effect, what causes it and how its nature affects the whole set of operations along the supply chain.

  2. Clearly identify the obstacles making the Bullwhip effect to prevail.

  3. Apply management strategies and toolsets to diminish the negative impacts conveyed by the bullwhip effect, and even eliminating its presence altogether.

  4. Understand and apply operational tactics that enhance the logistics and operational performance in your supply chain.

  5. Formulate advanced collaborative strategies to unify your efforts with those of your logistics partners, thus improving profitability and  reducing the information distortion.

  6. Know and compare practical cases, where the implementation of the tools we discuss here were successful and how they were implemented.

  7. Access information sources on this topic.

Who this course is for:

  • Anyone interested to have a clear understanding in the interactions between companies in the industry.
  • Professionals who want to refresh or strengthen their knowledge about Logistics and Supply Chain Management.
  • Students of international business, supply chain management, business management, industrial engineering or other related disciplines.
  • Entrepreneurs and business owners who purchase or sale locally and/or globally as part of their business.
  • Logistics Managers
  • Sales Managers
  • Production / Operations Managers

Course content

6 sections • 20 lectures • 3h 49m total length

  • Preview09:45
  • Preview01:01
  • Your instructor
    01:02

  • The Bullwhip Effect
    13:46
  • Effects on Operational Costs
    13:15
  • Preview06:04
  • Quiz: Effects of the lack of coordination.
    1 question

  • When Incentives become obstacles.
    28:24
  • Inadequate Information
    07:15
  • Operational obstacles
    15:51
  • When Pricing becomes an obstacle
    19:31
  • Behaviors and action trends that become obstacles
    14:11
  • Quiz: Obstacles for Coordination
    1 question

  • Aligning goals and incentives for coordination
    08:33
  • How to improve visibility and Accuracy in your supply chain
    07:50
  • How to improve the operational performance
    13:41
  • Pricing strategies for demand stabilization.
    07:55
  • Quiz: Management strategies for Coordination.
    2 questions

  • Alliances
    07:50
  • Continuous Replenishment
    10:53
  • VMI
    12:53
  • Quiz: VMI Implementation
    2 questions

  • What is CPFR
    07:27
  • Strategies for CPFR implementation.
    22:07

Instructors

Jorge Luis Botero Bernal.
M.Sc. Supply Chain Management - Wirtschaftsuniversität. Wien
Jorge Luis Botero Bernal.
  • 3.9 Instructor Rating
  • 116 Reviews
  • 11,029 Students
  • 2 Courses

Administración en Logística y Producción. Universidad Del Rosario - Bogotá D.C., Colombia.

Master in Sciences. Supply Chain Management. Wirtschaftsuniversität. - Vienna, Austria.

Dedicado y apasionado del área científica y cuantitativa de la logística y gestión de la cadena de suministro, en temas como Investigación de Operaciones, simulación, optimización, pronóstico de demanda, control de variabilidad, etc

Creador y Fundador del epicentro digital de información en Logística y Supply Chain para América Latina Logística .la, buscando siempre estar actualizado y al tanto de las mejores prácticas, las innovaciones y la evolución de nuestra disciplina.

He trabajado en el área de planeación y gestión de demanda y supply chain para dos grandes compañías con presencia multinacional, donde he podido conocer los pormenores y los detalles más únicos de los problemas que la industria debe afrontar cada día.

Mi presencia en Udemy se enfoca en diseminar estos conocimientos y toda la nueva información que adquiero, para que el público de habla hispana tenga acceso fácilmente a la disciplina que considero que juega un papel fundamental en el desarrollo de nuestras naciones y nuestra región.

Visítennos en los enlaces que encontrarán abajo para ponerse en contacto y conocer más acerca de las iniciativas que desarrollamos, en conjunto con esta de Udemy, para desarrollar cada vez más las habilidades y conocimientos de Latinoamérca en materia de Logística y Supply Chain.


Gregory Obert
The GOBERT
Gregory Obert
  • 3.8 Instructor Rating
  • 116 Reviews
  • 3,022 Students
  • 2 Courses

Gregory was born and raised in rural Illinois.  While most of his childhood was typical of many children, Gregory did have a very positive experience with a counselor who helped him out during a difficult time in his life.  It was then that he decided to dedicate his career to improving people's lives through the power of therapy.  However, that was not his only area of interest.

During his last year of high school, Gregory had an idea for a book based on an older man discussing life with a younger man. The idea was tabled for many years as Gregory attended college and graduate school. Both of those experiences allowed Gregory to hone his writing abilities.  He graduated from Augustana College with a B.A. in Psychology followed three years later by an M.Ed. from DePaul University.  After school, Gregory continued to work on his story idea until a basic manuscript was formed and refined. The Man on the Bench was released nine years later in February of 2016, making it his first published book. 

Additionally, Gregory found an interest in promoting knowledge and his passion for mental health in new and unique ways.  Gregory has been involved in various podcasts during his professional career.  Most recently, he hosts The GOBERT Report, a weekly talk show that explores the intersection of news, culture, and entertainment. 

Gregory continues to serve clients, work on future manuscripts, and build his online academy Self Start Academy in Chicago.

Ahsan Karim
Founder at Light Vision Group Inc.
Ahsan Karim
  • 3.8 Instructor Rating
  • 116 Reviews
  • 3,022 Students
  • 2 Courses

As the founder of Light Vision Group, my team and I provide custimized training in Technology, Education, Time Management and guide individuals to learn career and life skills. 

My Bachelor’s degree in Business and Masters in Education are from Saint Xavier University Chicago.  I attained  certificate in Computer Career Program from DePaul University Chicago.  I have experience working in Hospitality, banking and IT.

As a Special Education teacher with The Archdiocese of Chicago and the Catholic Schools I am responsible for providing special education services to various schools allocated by the Archdiocese. I teach reading, math, executive functioning skills to K through 12th grade students with various learning disabilities, sensory processing disorders,Hyperlexia and Asperger. I develop and deliver instruction utilizing reading software and various other tools, strategies and technologies. I review and analyze student educational evaluations and assessment scores to create individualized education plans and service plans.

My skills include:

- Special Education (K-12)
- Executive Functions Training for students, parents and teachers
- Computer Skills Training 
- Time Management and Task Management 
- Accountability Coaching 
- Website design build and maintenance
- Online Training and Development 
- Online Blog setup
- Kindle E-Book Publishing
-Facebook Marketing for Businesses and Brands

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