Pricing too low will create a demand that is higher than anticipated. Having too much demand and insufficient inventory to offer is considered a shortage. A shortage can be shown anywhere below the equilibrium point on the graph. To reach market equilibrium during a shortage, a company will ...
Price elasticity of demand is used by companies to establish their optimal pricing strategy, but the relationship between supply, price and demand can be complicated. If a product has a high elasticity of demand, can a change in production levels help the company selli...
In the world oftrading and technical analysis, one of the fundamental concepts that traders often rely on is the identification of demand and supply zones. These zones play a crucial role in determining potential price movements in various financial markets. In this comprehensive guide, we will de...
Demand planningis also important, as it drives the decision-making in supply chain planning. With demand forecasting, you estimate the goods and services that customers will buy in the near future. In fact, any forecasting that zeros in on supply and demand are going to inform your supply cha...
This paper analyzes the pricing model of dual-channel supply chain with a risk-aversion retailer and a risk-neutral supplier based on the retailer's capital constraint. And then,it puts forward the optical price strategy of a retailer and a supplier under well-funded situation and the dual-cha...
We consider a supply chain consisting of a manufacturer and a retailer in a bilateral monopoly setting in the presence of reference-price effects.We derive the equilibrium pricing strategies.The pricing strategy that the manufacturer and retailer take (price skimming or price penetration) depends on ...
Strategy choiceUncertain demandWith the rapid development of e-commerce and Internet technology, multi-period dynamic pricing is a natural choice that conforms to the demand trend of customers who make product purchase decisions based on current prices, past observed prices (reference prices) and past...
An agile supply chain can more easily accommodate, for example, sudden demand spikes and major changes in raw material availability. Structural Agility Versus Operational Agility There are two broad categories of supply chain agility: structural and operational. Structural agility refers to the ability ...
Task 3-C-5: Conduct analysis to determine insourcing or outsourcing strategy Task 3-C-6: Create new systems and process improvements to help the organization meet sales goals Task 3-B-1: Develop, implement and manage a risk profile and strategies in accordance with existing contracts, applicable...
Planning involvesforecasting demand, arranging production andmanaging inventory levelsto ensure that the right products are ready to meet customer demand. It also involves setting an overall SCM strategy by determiningmetricsto measure whether the supply chain is efficient, effective and meets company goal...