supply

(noun)

provisions

Related Terms

Examples of supply in the following topics:

  • Special topic: supply chain management

    • Supply chain management is the business function that coordinates and manages all the activities of the supply chain, including suppliers of raw materials, components and services, transportation providers, internal departments, and information systems.
    • Exhibit 31 illustrates a supply chain for providing packaged milk to consumers.
    • In the manufacturing sector, supply chain management addresses the movement of goods through the supply chain from the supplier to the manufacturer, to wholesalers or warehouse distribution centers, to retailers and finally to the consumer.
    • The supply chain is not just a one way process that runs from raw materials to the end customer.
    • Money also tends to flow "upstream" in the supply chain so goods and service providers can be paid.

  • Supply Chain Management

    • Supply chain management is the management of the network of interconnected steps involved in the provision of product and service packages.
    • Supply chain management (SCM) is the management of a network of interconnected businesses involved in the provision of product and service packages required by the end customers in a supply chain.
    • Another definition is provided by the APICS Dictionary, when it defines SCM as the "design, planning, execution, control, and monitoring of supply chain activities with the objective of creating net value, building a competitive infrastructure, leveraging worldwide logistics, synchronizing supply with demand and measuring performance globally. "
    • Cash-flow: Arranging the payment terms and methodologies for exchanging funds across entities within the supply chain.
    • Supply chain execution means managing and coordinating the movement of materials, information, and funds across the supply chain.

  • Impacts of Supply and Demand on Businesses

    • Sellers are willing to supply: 3 Floobles at $15. 2 Floobles at $10, 1 Flooble at $5.
    • We do this by plotting both the supply curve and the demand curve on one graph.
    • If so, the supply curve would shift, resulting in another change in equilibrium price: The increase in supply would bring down prices.
    • Supply and Demand: P - price Q - quantity of good S - supply D - demand
    • Outline the economic effect of the laws of supply and demand

  • Investment in Operations

    • Investment in information technology has made supply chains faster, cheaper, and more reliable.
    • Supply chain optimization applies processes and tools that ensure optimal operation of a manufacturing and distribution supply chain.
    • Supply chain optimization addresses the general supply chain problem of delivering products to customers at low cost and high profit.
    • Unpredictability in demand is subsequently managed by setting safety stock levels; for example, a distributor might hold two weeks of supply for a steadily in-demand article but twice that supply for an article whose demand is more erratic.
    • Supply chain optimization applies processes and tools that ensure the optimal operation of a manufacturing and distribution supply chain.

  • Impacts of Supply and Demand on Pricing

    • The supply and demand model states that the price of a good will be the level where the quantity demanded equals the quantity supplied.
    • As a result of the fall in demand, price drops as well (while the actual quantities of demand and supply will depend on the shape of the demand and supply curves, for the sake of example, let's say the price drops to $4).
    • Supply and demand is an economic model of price determination in a market.
    • If demand decreases and supply remains unchanged, then it leads to lower equilibrium price and lower quantity.
    • Equilibrium is defined as the price-quantity pair where the quantity demanded is equal to the quantity supplied, represented by the intersection of the demand and supply curves.

  • Other factors affecting supply chain management

    • In addition to managing the bullwhip effect, supply chain managers must also contend with a variety of factors that pose on-going challenges:
    • This puts added pressure on supply chain managers to continually improve performance.
    • Globalization imposes challenges such as greater geographic dispersion among supply chain members.

  • Measuring the Money Supply

    • In economics, the money supply or money stock, is the total amount of money available in an economy at a specific time.
    • An examples of M0: (1) Laura has ten US $100 bills, representing $1000 in the M0 supply for the United States.
    • In economics, the money supply or money stock, is the total amount of money available in an economy at a specific time.
    • Money supply data are recorded and published, usually by the government or the central bank of the country.
    • In economics, the money supply or money stock, is the total amount of money available in an economy at a specific time.

  • Logistics

    • The term Logistics Management or Supply Chain Management is the part of Supply Chain Management that plans, implements, and controls the efficient, effective, forward, and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption in order to meet customer's requirements.
    • Logistics as a business concept evolved in the 1950s due to the increasing complexity of supplying businesses with materials and shipping out products in an increasingly globalized supply chain, leading to a call for experts or supply chain logisticians.
    • The goal of logistics work is to manage the fruition of project life cycles, supply chains, and resultant efficiencies.
    • Starting in the 1990s, several companies chose to outsource the logistics aspect of supply chain management by partnering with a 3PL, third-party logistics provider.
    • Example of how companies may be supplied by the same distributor.

  • Reducing Waste and Environmental Impacts

    • Reducing waste by more efficient manufacturing is a key goal of management, with supply chain sustainability seen as a key component.
    • Supply chain sustainability is a business issue affecting an organization's supply chain or logistics network in terms of environmental, risk, and waste costs.
    • Sustainability in the supply chain is increasingly seen among high-level executives as essential to delivering long-term profitability and has replaced monetary cost, value, and speed as the dominant topic of discussion among purchasing and supply professionals.
    • One of the key requirements of successful sustainable supply chains is collaboration.
    • Looking to the supply chain to maximize efficiency and cut costs is a key cost-cutting measure; using the same suppliers in a tight-knit relationship saves time and energy.

  • Control of the Money Supply

    • A nation's money supply is determined by the monetary policy actions of its central bank.
    • A nation's money supply is determined by the monetary policy actions of its central bank.
    • In determining a nation's money supply, its central bank first sets the supply of the monetary base and upholds certain restrictions on the value of assets and liabilities held by smaller commercial banks.
    • The value of the money supply is determined by themoney multiplier and the monetary base.
    • Summarize the argument against the role of open market operations in determining the nation's money supply