It is known as “Black Friday” the day that begins the holiday shopping season with significant reductions in many retail stores and department stores. It’s an important day for the commerce because there is a high demand and multiple offers. The shopping is massive, so the traders have to carry out an effective logistic system in order to keep the level of stock and to avoid that the inventory to be exhausted.
On the other hand, the retail stores have to do an efficient plan of the demand and forecast. As we have seen in Beer Game, the total cost can vary significantly with the capacity of communicate among the members in a business, the reduction of these costs exists if the information is so clear and early. Finally, the shops have to be prepared for any unforeseen.
By: Albert Monné and Maria Tost
Source: The New York Times