Define Supply Chain Profitability

question 6

Essay

Define supply chain profitability.How is it different from individual organisational profitability?

---

Definitions:

Flexible Budget Graphs

Visual representations that display the relationship between budgeted and actual results over a range of activity levels, helping to analyze performance.

Direct Labor Hours

The total hours worked by employees directly involved in the manufacturing process or providing services.

Budgeted Costs

Predicted or planned expenses that are outlined in a company's budget for a specific period.

Fabricating Department

The division within a manufacturing company where raw materials are assembled or processed into finished goods.