All categories

3 years ago

what is the relationship between logistics and supply chain management? in what ways are they different

Business

1 answer:

Alina [70]3 years ago

8 0

Answer:

Supply chain management encompasses every parts of a product cycle from the producer to consumer, while logistics is a segment of the supply management.

Explanation:

Supply chain management has to with how flow of goods and services are managed and this comprises all procedures that help in converting raw materials into finished goods. Supply chain management sees to how raw materials, work-in-process inventory, and of finished goods are stored and moved from the producer to the final consumers. The aim of the supply chain management is to ensure customers derive maximum satisfaction and value and the company enjoy a competitive advantage in the market.

On the other hand, logistics is just one of the components of supply chain management which sees to how goods are stored and moved from the organisation to the outside. That is logistics comprises all the activities that have to do with the transportation, warehousing of goods.

You might be interested in

Who is responsible for the design, implementation, repair, and security of a company's database?

Vesna [10]

<u>Database administrator</u> is responsible for the design, implementation, repair, and security of a company's database.

<h3>What is database?</h3>

A database is a structured information collection which is often stored electronically in a computer system. Generally, a database management system is in charge of managing a database (DBMS). A database system, frequently abbreviated to just database, is the collective term for the data, the DBMS, and the applications that are connected to it.

The most popular forms of databases in use today typically describe their data in rows and columns in a collection of tables to facilitate processing and data querying. The information can then be accessed, managed, changed, updated, regulated, and organized with ease. SQL is a structured query language that is used by the majority of databases to write and query data.

Learn more about database

brainly.com/question/518894

#SPJ4

5 0

2 years ago

Jamie received a bonus of $3,000. She decided to deposit the money in a savings account that earns 3.5% compounded daily for 180

alex41 [277]

The compound amount recieved by Jamie after 180 days is $1,466,844.98

Explanation:

We know that money in any sort of banking account earns interests in a compounding manner.

Amount at the end of time “x” is given by A= P(1+R/100) ˣ

Where A= amount after the said time period

P= Principal

R= Rate

x= time period

One must note that “x” and “R” must be in same time-frame i.e. if the rate is compounded daily, time period must be considered daily and so on.

Substituting the values of P as $ 3000, R as 3.5%, and x as 180

Amount after 180 days= 3000 (1+3.5/100) ¹⁸⁰

Amount= $1,466,844.98

Thus, the amount is $1,466,844.98

7 0

3 years ago

Debit CreditCash $2,870 Accounts Receivable $3,231 Supplies 800 Equipment 3,800 Accounts Payable 2,666 Unearned Service Revenue

nirvana33 [79]

Answer:

TRIAL BALANCE

Assets:

Cash $2,920

Accounts Receivable $3,051

Supplies $300

Equipment $4,300

Total assets 10,571

Liabilities + Stockholders' Equity

Accounts Payable $2,200

Unearned Service Revenue $875

Common Stock $6,000

Retained Earnings $1,496

Total liabilities + stockholders' equity 10,571

Explanation:

1.Cash received from a customer on account was debited for $570, and Accounts Receivable was credited for the same amount. The actual collection was for $750.

Dr Cash 180

Cr Accounts receivable 180

2. The purchase of a computer printer on account for $500 was recorded as a debit to Supplies for $500 and a credit to Accounts Payable for $500.

Dr Equipment 500

Cr Supplies 500

3. Services were performed on account for a client for $890. Accounts Receivable was debited for $890 and Service Revenue was credited for $89.

Dr Accounts receivable 0

Cr Service revenue 801

4. A payment of $65 for telephone charges was recorded as a debit to Office Expense for $65 and a debit to Cash for $65.

Dr Office expense 0

Cr Cash 130

5. When the Unearned Service Revenue account was reviewed, it was found that service revenue amounting to $325 was performed prior to June 30 (related to Unearned Service Revenue).

Dr Unearned service revenue 325

Cr Service revenue 325

6. A debit posting to Salaries and Wages Expense of $670 was omitted.

Dr Wages expense 670

Cr Cash 0

7. A payment on account for $206 was credited to Cash for $206 and credited to Accounts Payable for $260.

Dr Accounts payable 466

Cr Cash 0

8. A dividend of $575 was debited to Salaries and Wages Expense for $575 and credited to Cash for $575.

Dr Retained earnings 575

Cr Wages expense 575

Service Revenue 2,380 + 801 + 325 = 3,506

Salaries and Wages Expense 3,400 + 670 - 575 = 3,495

Office Expense 940

net loss -929

Cash $2,870 + 180 - 130 = 2,920

Accounts Receivable $3,231 - 180 = 3,051

Supplies 800 - 500 = 300

Equipment 3,800 + 500 = 4,300

Accounts Payable 2,666 - 466 = 2,200

Unearned Service Revenue 1,200 - 325 = 875

Common Stock 6,000

Retained Earnings 3,000 - 575 - 929 = 1,496

4 0

3 years ago

Suppose the governments of two different economies, economy A and economy B, implement a permanent tax cut of the same size. Inv

timama [110]

Available Options Are:

a) higher sensitivity to changes in the interest rate, or

b) lower sensitivity to changes in the interest rate

Answer:

Option A. Higher sensitivity to changes in the interest rate

Explanation:

The reason is that the tax cut will encourage foreign investment and this increase in Foreign Investment will increase the GDP but by small amount. However, the higher interest rate in an economy always raises additional money in an economy which companies invest to purchase the new GDP. Thus the GDP growth is highly sensitive to changes in interest rate.

8 0

3 years ago

Suppose Alphonso’s town raised the price of bus tickets to $1 per trip (while the price of burgers stayed at $2 and his budget r

solong [7]

Answer:

(attached graph)

The increase in the ticket price makes the budget line slope to decrease. There will be less ticket available for Alphonso.

The increase in the bus tickets makes the opportunity cost of the hamburger to decrease as now, consuming an hamburger will make Alphonso renounce to a lesser amount of bus tickets. As the the opportunity cost is the goods or services we don't consume in favor for those we do.

Explanation:

4 0

3 years ago