OPERATIONS MANAGEMENT >CUSTOM<
OPERATIONS MANAGEMENT >CUSTOM<
14th Edition
ISBN: 9781266767234
Author: Stevenson
Publisher: MCG CUSTOM
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Chapter 1, Problem 12DRQ

a)

Summary Introduction

To determine: Theimportance of matching supply and demand

Introduction: Supply and demand is the amount of products which is available and the amount which is required by the consumers. In economical term, supply signifies how much of goods people are willing to purchase at certain price and demand is referred to as the quantity of goods and services that a person is desired to purchase.

b)

Summary Introduction

To determine: The importance of managing supply chain management

Introduction: Supply chain management is overseeing and handling the process of moving the raw materials from supplier to manufacturer and moving the finished good from manufacturer to wholesaler or directly to the customers. If the manufacturer moves the good to wholesaler, then the wholesaler will move the good to the consumer through retailer.

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