Strategies Of Supply Chain Management – The challenges of running a global supply chain have never been greater. The coronavirus pandemic has shown how interconnected and global we have become, while laws, regulations, politics and economics create a unique, ever-changing environment. Supply chain stakeholders have reacted quickly to these uncertainties, devoting enormous resources to risk management and problem… Read More »
What Is Meant By Supply Side Economics – Supply-side economics is a theory that states that the engine of economic growth is an increase in the supply of goods and services. He advocates for tax cuts to encourage job creation, business expansion and entrepreneurship. Supply-side economics can be thought of as the polar opposite of Keynesian or demand-side… Read More »
Elasticity Of Demand & Supply – . Equilibrium (MKM C7/160-2; 149-51; 156-158) Equilibrium is a condition where, without changing one variable, the time achieved will last forever ( ). In markets, the equilibrium price “clears” the market, meaning that the quantity demanded by consumers equals the quantity supplied by producers. In general, economic theory recognizes four types of… Read More »
Economics Supply And Demand Graph – Demand and supply form the basic concepts of economics. Whether you are an academic, a farmer, a pharmaceutical manufacturer or simply a consumer, the basic assumption of the balance of supply and demand is integrated into your daily activities. Only after understanding the basics of these models can one master the more… Read More »
What Are Some Good Small Business Ideas For 12 Year Olds – Small business is not dead. In fact, there has never been a single case where small businesses have received so much support. Running a small business at this time is definitely more risky and difficult, but there is still enough opportunity to solve various consumer issues… Read More »
What Are The Supply Chain Strategies – This article provides operations and supply chain professionals with a framework for developing an integrated supply chain strategy for their organization. To learn more about the different methods and tools your organization can use in the strategy development and deployment process, see our training material Strategy Planning and Deployment. What Are… Read More »
Economics 101 Supply And Demand – The hardest part of learning economics is getting out of the customer’s perspective and learning to think both as a supplier and as a customer. Just as every mathematical equation is two-way, economic forces always pull both ways. If only one force is observed, the observer must observe the opposite force. As… Read More »