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Supply chain surplus, also known as supply chain profitability, is a common term that represents value addition by supply chain function of an organization. Jonathan Birkin also defines supply chain surplus as "the difference between the revenue generated from the customers and the overall cost across that supply chain." [2]
In Marxian economics, surplus value is the difference between the amount raised through a sale of a product and the amount it cost to manufacture it: i.e. the amount raised through sale of the product minus the cost of the materials, plant and labour power. The concept originated in Ricardian socialism, with the term "surplus value" itself ...
Edmund Scientific Corporation, based in Barrington, New Jersey, was founded in 1942 as a retailer of surplus optical parts like lenses. It later branched out into complete systems like telescopes and microscopes, and in the 1960s, a wide variety of science toys and kits. Through the 1970s and 80s they were best known for their mail order sales ...
For an initial supply curve S 0, consumer surplus is the triangle above the line formed by price P 0 to the demand line (bounded on the left by the price axis and on the top by the demand line). If supply expands from S 0 to S 1, the consumers' surplus expands to the triangle above P 1 and below the demand line (still bounded by the price axis ...
In economics, an excess supply, economic surplus [1] market surplus or briefly supply is a situation in which the quantity of a good or service supplied is more than the quantity demanded, [2] and the price is above the equilibrium level determined by supply and demand. That is, the quantity of the product that producers wish to sell exceeds ...
Surplus Record is the leading independent business directory of surplus, new, and used machine tools, machinery, and industrial equipment in the United States. It was founded in 1924 by Thomas P. Scanlan . The monthly directory, which is hundreds of pages long, has been referred to as "the bible of the used and surplus capital equipment ...
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