Profit, for any company, is the primary goal, and with a business that does not initially have investors or financing, profit may be the corporation’s only c...

The logistics network design is one of the most comprehensive strategic decision problems that need to be optimized for the long-term efficient operation. It...

People often say, “new is always better”. And surely in a number of cases, new changes are equal to development. Regarding the field of logistics and supply ...

ABC analysis of inventory is the classification of a group of items in decreasing order, based on their value to the business. The A group is the most import...

Managing your business operations would be challenging without proper metrics and data analytics. This statement is specifically true in Log

In economics, demand is a fundamental concept that refers to a consumer's desire to purchase goods and services and willingness to pay a price for them. Dema...

SaaS, or Software as a Service, offered via a cloud computing platform, brings out enormous benefits for businesses, such as: cost savings and fast speed in ...

In economics, Supply is a fundamental concept that describes the total amount of a specific good or service that is available to consumers.

Hunger is considered to exist only in poor countries, and the common belief of what causes hunger is just the lack of food. Even though most people assume th...

There are five main stakeholders involved in the transportation decisions: the shipper, the receiver, carriers and agents, the government an