Essay Tips

Technology in Supply Chain Management The Importance of Adopting Technology in Supply ChainManagement Given the ever increasing pace of globalization and the rising importance of supply chains in today’s business, technology is a vital aspect in managing the supply chain. AI, blockchain technology, IoT, and big data are some of the modern technologies that have influenced how organizations deal with their supply chain. This blog post considers the ways in which technology has affected supply chain management and how EssayTips can help students with the management papers, especially those that concern technology’s influence on supply chains. Technology in the Supply Chain Management Enhanced Efficiency: In overall, the application of technology in supply chain helps to eliminate human interference thereby enhancing efficiency. Improved Visibility: Real time tracking and monitoring gives a better understanding of the chain and the events occurring in it. Cost Reduction: There is an o...

Introduction In the branch of economics, cost of production is an important concept which makes it easy for the business as well as students to determines the overall cost of producing goods and services. For students who are struggling to complete their assignments on this topic, EssayTips erects a helping hand. As an assignment writer, we cater to the needs of university, college, and school going students in different subjects of their choice such as economics. In this blog, I will discuss what costs represent and explain the differences between short-run and long-run costs and the nature of average, marginal, total, fixed, and variable costs. Concept of Costs  Overhead costs refer to the costs that firms bear while creating goods and services. There are however several ways of categorizing these costs according to their behaviour and time horizon.   Short-Run and Long-Run Costs  Short-Run Costs: In the short run, one factor of production is immovable or is a fixed ele...