Supply Chain Economics

Supply Chain Economics refers to the study of how goods and services are produced, transported, and sold to consumers while maximizing efficiency and minimizing costs. It examines the interactions between suppliers, manufacturers, distributors, and retailers, focusing on factors like production costs, inventory management, and logistics. By understanding these relationships, businesses can optimize their operations, improve profitability, and respond better to market demands. Essentially, it helps companies make smarter decisions about resource allocation and pricing to enhance overall performance in a competitive marketplace.