Supply and Demand

The year 2011, Japan was struck by a magnitude-9 earthquake on the north-eastern coast in March, producing a savage disastrous tsunami. The most affected part was the Honshu Island that experienced the great impact of the tsunami. Two years later, the tsunami continued to extend its coverage up on North...

It would seem at this point that OHFC is too committed to its outsourcing strategy to re-locate its manufacturing efforts back to the United States. The company has grown too much, and aside from that, its pricing strategy depends heavily on the ability to use cheap labor overseas. Likewise, with...

Market structure refers to the relative size of the businesses that make up an industry, and this has a direct effect on the amount of products they are willing to flood the market with. This is due to the fact that the less that is produced, the more the price...

A company that produces small- and medium-sized coolers, many of which are used for outdoor picnics, is having difficulty reaching customers on the West Coast. The current process is to ship to customers from the East Coast and maintain the same shipping costs for the end customer nationwide, but this...

In a business, an operation plan is essential to ensure that the company runs efficiently. An organization formulates a concept of operations when it must change how it operates to meet its set goals. The organization determines the configuration of staff, the business process, technology to be implemented and the...

The emergence of computers and the internet has considerably transformed the manner in which businesses are conducted. This is especially with regards to communications. Popularity of the internet has resulted in many businesses becoming purely online businesses, meaning that they lack physical presence (Information Resources Management Association, 2013). This is...

The requirements for federal supply schedule contracts share several similarities but they also have considerable differences. Some of the similarities include that they are a fast, convenient and effective strategy of contracting. Through the contracts, the federal government is able to develop suitable relationships with commercial companies and it uses...

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...