I take it you mean what is the relationship of supply and demand. As the supply goes up the price will come down. As the demand goes up the price will go up. If the supply and demand are in balance the price will stay the same.
Consumers is the law of supply and demand.
Impotance of having good relationships between the finance department and logistics department
This is a part of what is called vertical integration. If your company has a large and continuing need for a supply requirement and there are few suppliers to provide it, you may wish to purchase a supplier to ensure continuance of the supply. Similarly, if your supply requirement is from an unstable, costly or fluctuating market you may wish to purchase a supplier to reduce the cost of the supply.
large number of supply decreases the gold rate
Supply chain means, a chain of supply frow raw material to final product or to consumer. For example: Hides -> tanning -> cutting -> manufacturing -> leather bags -> consumer.
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three key elements are Forecasting, evaluating supply and Balance Supply and Demand. Forecasting is the prediction of employees the company needs, evaluating supply is analyzing if the supply of potential employees meets the demand and learning to balance the supply and demand of employees..
A company can quantify the value of strategic supply relationships by comparing the data from before implementation to the data after implementation of a just in time delivery system..
"Supply chain management software" (aka: SCMS) is a business term which refers to a whole range of software tools, programs, and modules used in executing supply chain transactions, managing supplier relationships and controlling associated business processes.
Supply chain management software is a business term which refers to a whole range of software tools or modules used in executing supply chain transactions, managing supplier relationships and controlling associated business processes. You can learn about them online or in school.
The law of supply and demand. He also coined the term "The Invisible Hand"