Definition of Bullwhip effect:
Tendency of consumers of a material or product in short supply to buy more than they need in the immediate future.
How to use Bullwhip effect in a sentence?
- The bullwhip effect was present in our industry as the demand was difficult to predict and then considering our inconsistent inefficiencies we were not aware of all elements.
- You need to be aware of the bullwhip effect and what it may do to change the course after any decision you make.
- I told her about the bullwhip effect because I did not want her to buy too much of the item and make us spend more than we needed to.
Meaning of Bullwhip effect & Bullwhip effect Definition