Price analysis is a subject that is often overlooked in supply chain education, (although it is certainly a big part of our chapter on Strategic Cost Management in Purchasing and Supply Chain Management). This is perhaps a “forgotten art” that was revisited by one of our student teams that worked with the American Red Cross
While many believe price fixing is to blame for rising meat prices, Rob Handfield, professor of operations and supply chain management, finds the issue lies in the down cycle of the supply chain. “It is basically the fact that demand is greater than supply,” said Handfield. “We’re in a down cycle right now. We just happen
As vaccination rates in the US, the UK, and Europe have risen, economies have shifted back and capital projects are beginning to resume. However, significant problems remain with respect to major shortages and price increases that exist in supply chains. Consumers are finding that everything form appliance parts, bicycles, and other products are in short
The national average price per gallon of diesel gasoline headed down for the fourth straight week, according to data issued this week by the Department of Energy’s Energy Information Administration (EIA). Falling 4.6 cents, this week’s national diesel average now stands at $2.910, following a 5.4-cent decrease last week to $2.956, with the national average