Business Management
Whiplash Effect (bullwhip)
This effect is like a whiplash. It can move rapidly from one extreme value to its extreme opposite. Although this phenomenon is being rapidly addressed by new technology and synchronizing relationships in the supply chain, the instability of the bullwhip effect can...Voice of the Process
Voice of the Process is the statistical data that is feedback to the people in the process to make decisions about the process stability and/or capability as a tool for continuous improvement.(The Quality Portal) Other Definitions Voice of the Process (VoP) – results...Variation
Variation is the differences in results obtained in measuring the same phenomenon more than once. The sources of variation in a process over time can be grouped into two major classes: common causes and special causes. Excessive variation frequently leads to waste and...Value-added Reseller
A value-added reseller (VAR) is a company that adds some feature(s) to an existing product(s), then resells it (usually to end-users) as an integrated product or complete “turn-key” solution… (Wikipedia)Tracing
Tracing is the practice of relating resources, activities and cost objects using the drivers underlying their cost causal relationships. The purpose of tracing is to observe and understand how costs are arising in the normal course of business operations. (Synonymous...The Building & Remodeling Wiki Sponsors:
