LYCOS RETRIEVER 
Supply and Demand: Services
built 211 days ago
Matching supply and demand in real time is a key responsibility of customer service and sales reps. As orders come in these individuals routinely quote customer delivery dates. Accurate estimates of these are needed to properly set each customer's expectation to a promise that can be kept.
Source:
Understanding the law of demand is an important part of deciphering the relationship between supply and demand. According to the law of demand, price has a significant effect on demand. Essentially, higher prices translate into less demand for a product or service. When the price of an item or service is high, an individual must consider that buying the item may prevent him from being able to afford the purchase of another, more valuable item. As such, the opportunity cost of that item is too high and demand for it may be low.
Source:
"The progress being made in our North American supply chain is a critical component of our plan to aggressively reduce costs and improve service to our customers," said Brent Willis, Cott President and CEO. "We expect this system to help improve our operating margins with reduced waste and better visibility and control over our entire supply chain."
Source:
MORE ABOUT
Services