Process Control, the Bull Whip Effect and the Supply Chain
Jeffrey E Jarrett*
Ph.D., University of Rhode Island, USA
- *Corresponding Author:
- Jarrett JE, Ph.D
Professor, University of Rhode Island, USA
Tel: 401 874 4169
E-mail: [email protected]
Received April 24, 2014; Accepted June 17, 2014; Published June 22, 2014
Citation: Jarrett JE (2014) Process Control, the Bull Whip Effect and the Supply Chain. J Bus Fin Aff 3:120 doi:10.4172/2167-0234.1000120
Copyright: © 2014 Jarrett JE. This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
The purpose is to introduce the demand for statistical quality control practice in the supply chain environment. We show both the need and application of these measures, especially the need for multivariate quality concepts to reduce the costs of operating supply chains, to control the flow throughout the supply chain and in the dynamic behavior of supply chains to utilize concepts associated with multivariate methods and auto correlated variables. We note that the quality output is as important as the “bull whip” efficiency in the supply chain.