PRODUCTION, COSTS AND PROFITS

Production, Costs and Profits

Production, Costs and Profits

Question 1

Over the past few years the area of Supply Chain Management (SCM) has received much attention by a large number of academics, consultants and practitioners who are involved actively or not with the processes of developing, manufacturing, distributing, commercialising/selling and ultimately delivering a product or a service to end consumers. This ever-increasing interest has been caused by two main reasons. The first one is that people have started to realise the competitive advantage and overall benefits such as big cost reductions, decreased time deliveries, increased efficiencies, and higher profitability that ...