Designing a supply chain that meets customer requirements and aligns with strategy to be more effective to be more responsive.
What is supply chain?
A supply chain is a group of people and businesses responsible for producing a product and getting it to the consumer. The raw material producers are the first links in the chain, and the last is the van that delivers the finished product to the customer. The importance of supply chain management can be seen in the reduced costs and improved productivity that come from an optimised supply chain. Companies work to enhance their supply chains in order to lower costs and maintain competitiveness. Each step taken to deliver a finished good or service to the customer is considered to be part of the supply chain. The process may involve obtaining raw materials, transferring them to the production stage, and then transporting the finished goods to a distribution facility or a retail location where the consumer may pick them up.
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The ratio of liabilities to stockholders' equity is 0.083.
<h3>What is the ratio of liabilities to stockholders' equity?</h3>
Liabilities are future benefits that would have to be sacrificed in the future by an entity to other entities as a result of past transactions. An example of liability is account payable.
Stockholder's equity is the difference between assets and liabilities. Assets are resources that can be used to increase the value of the firm. An example of an asset is account receivable.
The ratio of liabilities to stockholders' equity can be determined by dividing liabilities by stockholders equity.
The ratio of liabilities to stockholders' equity = liabilities / stockholders' equity
1000 / 12,000 = 0.083
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Mary's role is that of a knowledge engineer.
A knowledge engineer is tasked with integrating certain knowledge into computer (in this case expert) systems, with the aim to solve very difficult problems that otherwise people would not be able to solve on their own.
