A supply chain is a group or combination of various
members like the retailers, distributors, and etc who works together with the
target of delivering a final product to a customer. I believe that a poor
forecast for a supply chain could be easily managed by other members in the
group because of the cancelling effect and the damages done are absorbed by the
others in some way. However in the case of a single organization, if the
forecast fails they have to manage it internally with no other resources
therefore it is more difficult.
Possible benefits of an effective supply chain management
are:
Achieves more accurate information together with the
ability to carry out better sales forecasting. Other benefits include creating stronger
partnerships and supplier networks, balancing out supply and demand, improving
business plans and working strategies, predicting transportation requirements, scheduling
daily operations of the company, making streamlined inventory management and reducing
irrelevant elements.
Answer:
Explanation:
There are two factors to be considered when assessing a person's standard of living:
The first is about the satisfaction level of that person (For example, is that person satisfied with his life? Happy or unhappy? Happy or pressured?...). This is mentally.
The second is about physical conditions. Do they live well enough or not,... Here we care about that person's property, the living, learning and working environment of people,...
A pivot point<span> is a price level that is used by traders as a possible indicator of market movement.</span>
Where are the following terms
