Identify the four primary causes of the bullwhip effect and the remedy for each

What will be an ideal response?

1. Cause: Demand forecast errors (cumulative uncertainty in the supply chain); Remedy: Share demand information throughout the supply chain.
2. Cause: Order batching (large, infrequent orders leading suppliers to order even larger amounts); Remedy: Channel coordination—determine lot sizes as though the full supply chain was one company.
3 . Cause: Price fluctuations (buying in advance of demand to take advantage of low prices, discounts, or sales); Remedy: Price stabilization (everyday low prices).
4. Cause: Shortage gaming (hoarding supplies for fear of a supply shortage); Remedy: Allocate orders based on past demand.