Core logistics and supply chain activities play a big role in a company’s success or failure. There has been a lot of disruption over the last 12 months in regards to regular business flow, the pace has also seen dramatic slowdowns. As businesses look toward the future, it is also important to consider returns management when making plans for your logistics.
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What is consumer demand? Consumer demand stems from demand theory, which is an economic principle that relates the relationship between the prices of items on the market and the demand for those items from consumers. As consumer demand for a certain product or service goes down, so does the price.
Supply and demand are what drives the entire supply chain industry, netting billions of dollars every year. When it’s your job to be on the supply side of things, you’ll notice that customer demand often includes seasonal stock. Seasonal stock can make up part of your supply chain, or you might specialize in the providing of seasonal goods. How can seasonal inventory be managed for year-round supply? Read more below to find out how managing seasonal inventory can be more effectively handled if you’re in the supply business.