Factors Influencing Supply

A Demand and Supply Graph Factors Influencing Supply This article serves to supplement the article Influences for Supply and Demand, that I wrote a while ago. For a more general overview of supply and demand, I suggest visiting there first. Supply has many factors that influence a market, such as;- The availability of raw materials. The time it takes to process a set, batch or quantity of stock, like aged wine or hard sweets. Disruptions to the distribution chain of competitors, such that their prices or other aspects change. Natural Disasters utility supply issues or storage issues. Advertising could increase consumer… Continue reading Factors Influencing Supply

Stock Control and Resource Management

Just In Time is a lean production technique, It involves ordering a product right as it is about to run out, but before the business has to stop manufacture, this allows a business to work effectively when creating a product that requires a lot of parts and accessories. Raw Materials Work in Progress Finished Goods Bought from suppliers Supplier may not be able to meet demand Supplier could not raise prices Used in assembly or as ingredients Parts for assembly Not Sellable Costs business money to make into product May be a slow process… Continue reading Stock Control and Resource Management