How Has the Use of Supply Chain Management Resulted in a Radical

question 54

Essay

How has the use of supply chain management resulted in a radical reformulation of traditional marketing,production,and distribution functions?

---

Definitions:

Central Planning Model

A system of economy where all choices regarding the creation and use of goods and services are made by the government.

American Capitalism

A system marked by private property, competitive markets, economic incentives, and limited government intervention in the economy.

Product Differentiation

The technique of identifying a product or service as unique in the market to boost its desirability to a chosen target demographic.

Mass Production Techniques

Methods of producing large quantities of products quickly and efficiently using assembly lines and standardized parts.