Describe the implications of a successful supply chain management strategy to a business in today's competitive global economy.

Business

1 answer:

Arlecino [84]3 years ago

4 0

Answer:

There are some ramifications of a effective supply chains strategy approach for a company in today's dynamic world economy :-

1. Alignment of Supply Chain responsibilities:

The supply chain has too many layers of chains in service, and it is necessary to have a policy of distributing duties and responsibilities at all layers to minimize the sluggish cycle of working conditions.

2. Use of Technology:

The best technologies will improve supply chain processes and optimize production. You need to upgrade yourself with the latest software that is perfect and helpful for your company. One of the key benefits of effective discharge systems is the exposure of any piece somewhere in the global supply chain.

3. Alignment of Supply Chain responsibilities:

The supply chain has too many layers of chains in service, and it is necessary to have a policy of distributing duties at all layers to minimize the sluggish cycle of working conditions.

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If prices have increased according to the Consumer Price Index (CPI), what has occurred in the economy?

ololo11 [35]

Answer:

The correct answer is that it has occurred that the economy has suffered from inflation.

Explanation:

To begin with, the concept of inflation is known in the economic sciences for refering to the situation where the prices of every good and service in general in the economy have risen up and it is due to the fact that now the acquisition power of the currency has lost value and therefore that every good is now more expensive than before stating that the purchasing power per unit of the money has suffered a reduction. Moreover, a very common intrument to actually measure the inflation is the very well known Consumer Price Index whose major purpose is to accomplish that task.

8 0

3 years ago

John invested $12,000 in the stock of Hyper Cyber Eight years later, Hyper Cyber's shares reached $125,000, but John held onto t

Blizzard [7]

Answer:

Option (B) is correct.

Explanation:

A sunk cost is a cost that was already incurred in the past, alternatively we can say that it is a past cost. These are the costs which cannot be recovered in the future.

The examples of the sunk cost is depreciation expenses, salary expenses, maintenance expense etc.

Therefore, it is not considered in the decision making process which will be held in the future

Since, in the given question, the amount of $12,000 was invested eight years ago which is not recovered now. So, we considered this cost as a sunk cost.

6 0

4 years ago

Manuel is retired and receives a fixed payment from his pension each month. when there is inflation?

ziro4ka [17]

Manuel is retired and receives a fixed payment from his pension each there is inflation when the buying power of his pension will fall

This is further explained below.

<h3>What is inflation?</h3>

Generally, Inflation refers to the rate at which prices continue to grow during a certain period of time, and the term may also refer to inflation itself. In most cases, inflation is assessed on a broad scale, such as the overall increase in prices or the growth in the cost of living in a particular nation.

To put inflation in its most basic form, it may be thought of as the general upward trend in the prices of goods and services over time. What this implies is that a dollar spent now won't purchase as much in the future. In other words, it will lower your ability to purchase things in the future.

In conclusion, Manuel is now retired and receives a certain amount from his pension on an annual basis. In the event that there is inflation, Manuel will be able to buy a lesser total amount with his pension money.