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Write the following in different words: The Bullwhip Effect game is an interactive business model that showcases the potential pitfalls and cost increases in a
Write the following in different words: The Bullwhip Effect game is an interactive business model that showcases the potential pitfalls and cost increases in a supply chain due to poor communication and coordination. It emphasizes the significance of information exchange throughout the supply chain. When each participant only responds to the next player's demand, it can result in an exaggerated response, leading to surplus stock or stock shortages. The game can also illustrate how changes in pricing can amplify the bullwhip effect. The Bullwhip Effect game serves as an effective instrument for grasping supply chain dynamics and the crucial role of communication and teamwork in minimizing inefficiencies
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