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Bullwhip effect and Electronic Data Interchange (EDI) (mcommerce (mobile…
Bullwhip effect and Electronic Data Interchange (EDI)
mcommerce
mobile commerce is essentially mobile e-commerce
geofencing - virtual perimeter
Augmented reality
perfect device to enable digital payment schemes
Cost less computers
Great penetration
Bullwhip effect
Causes
inflated orders (invisibility problem)
price fluctuations
demand forecast (communication problem)
Technology and bullwhip effect
improving communication between different stakeholders - information visibility
dilemma in organisations (intellectual property, etc)
Types of information sharing and coordination problems
contextual information flow
transactional information flow
Organisational issues
EDI
started to change the world and to help companies ‘interconnect’ and exchange data
came to replace the basic paper transfers between companies
very much in use but evolved and now interfaces with many other technologies
Metcalfe's Law
the value of a telecommunications network is proportional to the square of the number of connected users in the system
Technology against the bullwhip effect
best-case scenario: demand supplier identical to that of the customer
devastating consequences for some supply chains
3d-printer
enables an individual customer to manufacture anything
innovation and at the same time puts people out of business