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In: Economics

Supply Chain Value (250 words total) Have you ever heard someone say (or maybe you’ve said...

Supply Chain Value

(250 words total) Have you ever heard someone say (or maybe you’ve said it) that if you could just cut out the “middleman” the product would be so much cheaper?

1) When is this true for the consumer?
2) When is this not true for the consumer?
3) How does a supply chain provide value for the consumer?
4) Thinking about a product that you recently have purchased:
A) What is the product?
B) What "route" did it take through the supply chain - in other words, describe (to the best of your ability... you might have to do some critical thinking here) how the item went from manufacturer to you. Please use terms associated with supply chain found in the text or the lecture to detail this path.

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Rahul Sunny answered 2 years ago
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