The Ministry of Health has told the Auditor-General increasing pressure on staffing numbers and budgets could lead to ...

Price elasticity of supply is the responsiveness of a supply of a good or service after a change in its market price. According to basic economic theory, the supply of a good will increase when ...

Supply Chain Management is how business gets done. Supply chain management spans all movement and storage of raw materials, work-in-process inventory, and finished goods from point-of-origin to ...

The mission of the Supply Chain Management department is to disseminate knowledge in areas such as procurement and global sourcing, logistics optimization, distribution and pricing strategies, product ...

Baltimore has separately announced that it will cut its workforce by 18 per cent, with the loss of 250 jobs. Logistics and automotive parts supplier Unipart has bought National Railway Supplies (NRS) ...

The law of supply and demand is a fundamental concept of economics and a theory popularized by Adam Smith in 1776. The principles of supply and demand are effective in predicting market behavior.

In this case, you need an efficient supply chain—which minimizes production, transportation, and storage costs. But what if your product is innovative —it has great variety, a short life cycle ...

The government watchdog says there is a risk New Zealand will have enough vaccine supplies if another pandemic strikes.

Ms Elliot said: "NRS UK is an established and highly-regarded ... to the well-documented problems of surging costs affecting supply chains and from fixed price contracts that resulted in ...

A SECOND public inquiry has begun into a plan to build a sand and mineral quarry near Kidderminster. The controversial plan would see three million tonnes of minerals extracted over nine years at Lea ...

Edward Segal is a PR expert who covers crisis-related news and topics. The fragility of the world’s supply chains has been underscored again by escalating tensions in the Red Sea and decisions ...

When it came out, ChatGPT seemed like magic. It has led supply chain vendors to discuss how they currently use artificial intelligence. Further, virtually every supplier of supply chain solutions ...