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Several Factors Can Cause the SRAS Curve to Shift; These

question 11

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Several factors can cause the SRAS curve to shift; these factors include a change in the cost of inputs, a change in taxes, and even a change in seller expectations.

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Definitions:

Supply Chain Analytics Maturity Model

A framework describing the stages of advancement and capabilities within an organization's supply chain analytics, from basic reporting to advanced predictive and prescriptive analytics.

Predictive

Related to the ability to use data, statistical algorithms, and machine learning techniques to identify the likelihood of future outcomes based on historical data.

Sophistication and Robustness

Describes the level of complexity and resilience of a system, process, or product in responding to challenges and achieving objectives.

Supply Chain Analytics

The use of data analysis tools and methodologies to analyze, model, and improve end-to-end supply chain processes and performance.

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