172k views
5 votes
What are the key processes at the heart of the supply management segment of the business?

User Andschar
by
7.5k points

1 Answer

3 votes

Final answer:

The key processes at the heart of the supply management segment of the business include product selection, production process, output level, pricing, and labor management.

Step-by-step explanation:

The key processes at the heart of the supply management segment of the business include:

  1. Product selection: Deciding what products the firm should produce to meet customer needs and wants.
  2. Production process: Determining how the products should be produced, considering factors like technology, resources, and cost.
  3. Output level: Deciding how much output the firm should produce to supply the market demand.
  4. Pricing: Determining the appropriate price for the firm's products, considering factors like competition and customer willingness to pay.
  5. Labor management: Deciding how much labor the firm should employ to ensure efficient production.
User Raw Hasan
by
7.8k points