Economic coordination - Study guides, Study notes & Summaries

Unit 1 – Basic Concepts & Goal of Logistics Logistics & the Supply Chain SU 1 pg. 2; par. 1.2 & TB Ch. 1 pg.4,7 Supply chain management [SCM] definitions:  Consists of multiple firms collaborating to leverage strategic positioning & improve operating efficiency.  Encompasses planning & management of all activities involved in sourcing & procurement, conversion, all logistics management activities.  Includes coordination & collaboration with channel partners (i.e. suppliers / intermedi...

CONTENT Define the Production Possibilities Frontier and use it to calculate opportunity cost. - Using resources efficiently - Economic Growth - Gains from Trade - Economic Coordination Exercise answers