Supply and Demand

The importance of warehousing in global supply chain management is arguably the most important aspect of supply chain management. Without organized, efficient, and cost-controlled warehousing, “market pressures such as smaller shipments, faster delivery, and rapid proliferation of products make warehouse management difficult for meeting the demand for high service quality...

Uncertainty, to a business, is any sort of change in regular protocol, or expected occurrence, that could disrupt the normal business flow. Uncertainty in a global supply chain can break a company, by decreasing profits made or increasing costs, if the company is not fully prepared for any backlash the...

Historically, companies in almost every industry have aimed for supply chain networks that are fast and cost-efficient but these two goals when achieved almost never translate into sustainable competitive advantage. In addition, focus on these two traits often leads to price markdowns and, thus, lower profit margins. The key to...

On the market, prices are determined by demand and supply and it is in continual flux. Demand is the volume of a product that consumer can and wants to buy, and supply is the volume of a product that producers are willing and able to produce. The equilibrium point determines...

In microeconomic theory, the law of supply expresses a relationship between products and prices. According to the law, the increase in a price of a product means that the quantity of a product also increases. (Arnold, 68) From the reverse perspective, therefore, the decrease in the price of the product...

The advent of globalization and information systems has influenced a massive transformation in major business operations across the world today. This is because various processes have undergone revolutions to meet the demands and expectation of the society (Robert, 2008). Procurement procedures have also been subjected to the changes in the...

Introduction The Smartphone is the most used mobile communication device globally. It involves most of current innovation and creativity in its design. The technology used by most Smartphone manufacturing industries is of high quality hence various Smartphone models exist. Product mix plans Product mix is the variation of products offered...

Introduction Promotion and adoption of elements that facilitate supply chain management is essential in the modern environment due to the need for efficiency, cost management, and other issues defined by the industry of specialization. This is illustrated by the two featured Australian companies and the need for implementation of enterprise...

Techniques Regal might use to improve supply chain management There are several techniques that Regal could employ to improve their supply chain management. One of these is by monitoring the performance of all the supply chain partners. If any of one of the suppliers fails, there may be huge negative...

Looking towards macroeconomics, two principles/concepts that are evident in the simulation are aggregate supply and demand and how policies can effect economics on the macro level. Aggregate supply and demand involve the connection between prices and the level of output provided by a firm (positive relationship for aggregate supply, negative...

As a company that plays a key role in the Information Technology (IT) industry, Apple continues to define the market as a market leader in invention and innovation, cost control, and strategy. The company’s business model is reflective of its business model which requires for the organization to partake in...

The company, Nike Incorporated, is one of the world’s largest athletic shoe retailers and the largest in the United States. It was established as an independently owned business in Oregon in 1964 and has since, grown to encompass an expansive range of athletic shoes and apparel. Furthermore, Nike is regarded...

Corporations are taking up social responsibility, working toward green supply chain solutions which offer increased sustainability (Sarkis 2). This has thus far tripled the body line for companies (Carter 58). Global corporations are achieving this by directing their otherwise limited resources toward projects that offer greater economic performance and intersect...

Introduction In 2010, Apple introduced a revolutionary product which allowed consumers to have access to movies, video games and other applications on the go (i.e. the i Pad). Since this time, competitors have introduced similar products. The only difference is these devices are using an open source operating system versus...

Supply and demand represent an efficient economic model of price determination in a particular marketplace. In fact, the concept of supply and demand emerges as one of the fundamental ideas of economics. Lengnick (2013) points out that prices are perceived as an important tool used in the market to balance...

Logistical strategies are key to the success of an organization. A complete supply chain management operates within three levels, which are strategic, operational and tactical: they are all equally important to the success of any business (Blanchard, 2010). The strategic level is charged with the duty of making the strategic...

Supply chain approaches are gaining prominence in labor analysis and human resource management. As organizations seek to become more efficient and optimize their labor costs, labor supply chains become a preferred strategic option and a fundamental philosophy governing HRM decisions and policies. Despite the efficiency benefits offered by labor supply...

Stock dividends are ultimately, the by product or investment return that shares provide to their respective investors. When a company provides an initial public offering, investors will purchase a share of the company. This share of the company is perceived as equity that an individual might have within the wealth...

Green supply chain management is a blend of science and art that helps to improve the way company succeed in obtaining raw materials to make a product or service and deliver it to its clienteles. Emerging trends in green supply chain management In the urge to create a well business...

While there are many different methods by which an individual may develop, understand, and apply the concepts of economics, perhaps one of the best ways by which an individual is able to demonstrate their understanding of such concepts is through the application of those concepts to items in the world...