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Supply Chain Surplus
Supply chain surplus refers to the total value generated by all participants in the supply chain, aiming to maximize the value created while minimizing costs.
Differential Costing
A technique used in management accounting to analyze costs that change under different business decisions, helping in budgeting and decision-making.
Optimization
The process of making something as fully perfect, functional, or effective as possible, often through using mathematical models.
Revenue Management
Techniques and strategies used to optimize the amount of revenue generated, often through adjusting pricing, timing, and availability in response to demand.
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