Economic Sustainability Notes: Definitions & Explanations PDF | Download eBooks
Study Economic Sustainability lecture notes PDF with supply chain management definitions and explanation to study What is Economic sustainability?. Study economic sustainability explanation with SCM terms to review supply chain management course for online MBA programs.
Economic Sustainability Definition:
Appropriately allocating scarce resources to make a profit.
Operations Management: Sustainability and Supply Chain Management by Jay Heizer, Barry Render, Chuck Munson
Economic Sustainability Notes:
Organizations use their assets efficiently and continuously allow them to function profitability with the passage of time. Economic sustainable firms are those that have growth rate increasing over time along with their organizational goals. When the product is suffering their profits levels are not declining because of other products give more profits.
Keep Learning with Supply Chain Management Notes
What is R Chart?
This chart always shows the ranges of sample like the difference of smallest and largest values from the sample. Firms ...
What is Utilization?
A measure (typically communicated as a rate) of how seriously an asset is being utilized to create a decent or ...
What is Planning Bills (or kits)?
Arranging bills are gatherings of things in a bill of material arrangement that reflect how a thing is sold, as ...
What is Fail-Safeing?
In building, a safeguard is a plan highlight or practice that in case of a particular sort of disappointment, intrinsically ...
What is Computer-aided manufacturing (CAM)?
Firms use this technology to reduce the waste and it also enhances the energy for manufacturing and production processes with ...
What is Finite capacity scheduling (FCS)?
In assembling, limited limit planning is a way to deal with seeing how much work can be created in a ...