Examlex
In most high-tech industries, the best way to respond quickly to rapid technological changes is to keep most authority and responsibility in the hands of a few key managers who provide precise, detailed directions to the workers.
Total Profits
A rephrased definition would be: The cumulative financial gain a company achieves after deducting all operational, production, and overhead costs from its revenue.
Demand
The total quantity of a good or service that consumers are willing and able to purchase at a given price level in a given period.
Network Design Decisions
Strategic choices made regarding the layout and functioning of a supply chain network, including locations of facilities and distribution routes.
Supply Chain Configuration
The arrangement and integration of the supply chain's various components, including suppliers, production facilities, distribution centers, and customers, to maximize efficiency and effectiveness.
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