Supply Chain Economics is the study of how economic principles apply to the flow of goods, services, and information through a supply chain. It examines how costs, efficiency, and risk interact to impact pricing, operational decisions, and risk mitigation strategies, ultimately helping organizations optimize their supply chain for better value and competitive advantage.Supply chains are critical to the functioning of modern economies. They encompass the entire process of producing and delivering goods and services, from raw materials to end consumers. Here are some key points regarding their i...

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