A Supply chain goes through a process. It is the process views of a supply chain. The supply chain process is a combination of two processes views. Cycle view: The supply chain process has a series of cycle view. It has performed at the interface between two successive stages of the supply chain. Push /Pull […]
Year: 2019
What is Supply Chain Management
Supply chain management is a combination of two processes. One is material management and another is physical distribution. In the present situation, lead time is a big fact. Because lead time depends on market coverage. Some firms’ supply chain condition is really very poor. Because their supply chain system is not automated. Another problem is […]
5 Factors in Pricing Objectives
Objectives are really very important for all organizations. Because of objective states that what we want to do next. There are five factors in pricing objectives. Survival Price is depending on the objectives of the business. These objectives may change situation to situation. Then the sellers also change their pricing. There are some survival situations […]
Critical factors in pricing decisions
Setting an effective price is really very difficult task. Because the price is the only thing that generates money. No other thing can generate money. The price of a product determines the product profitability, performance, and quality as well. The higher price creates a bigger margin. The bigger margin actually leads to increased profits. On […]
Importance of middlemen for your business
“We can eliminate middleman but we cannot eliminate the tasks of the middleman.” This is frequently possible to eliminate the middlemen. But we can’t avoid the functions of the middlemen. In a general sense, eliminating middlemen means the transfer of marketing activities to someone else who can perform the tasks as like middlemen. Let’s see […]
Supply chain management of a dairy industry
Supply chain management of the dairy industry: Supply chain management is a process of managing the upstream & downstream value-added flow of materials. It also supplies related information among suppliers, the company, resellers & final customers. See the below figure: […]
How can an individual country benefit from trade? How could the world benefit? Farmers?
Individual: An individual can benefit from trade for many reasons. let’s let the reasons behind it. The first trade is The profitable incentives for an individual country to specialize in producing certain commodities. Every country can export their surplus products to other countries and can be benefited. Trade plays an important role in increasing the […]
The marketing process of the dairy industry
Marketing process: The marketing process is very useful for the dairy industry. It is a process that helps the dairy industry in analyzing the opportunities in the market, selecting the target markets, developing the marketing mix, and management of the marketing efforts. Steps of the marketing process- Analysis of the opportunity in the market: A […]
Explanation of food marketing
How would you explain food marketing to someone who is unfamiliar with this subject? Food marketing basically comes after farm marketing. It involves all activities of all areas of food products and services from producers to customers. Our food industry is mainly shaped by three players. Food producers: The rural farmers are playing this role as […]
