Question

Q4. Pyramid of Income classifies population based on their income. What other criteria can we use to classify the population? Q5. Discuss issues related to the supply in Supply Chain Management.

Answer in full detail please

Answer 1

4). There are three types of population pyramids. Those are:

i). Expansive Pyramid: This type of pyramid shows that population varies accordingly says that the birth rate will be higher, death rate will be higher, and life expectancy will be shorter. This type of population pyramid is generally found in developing economies like India.

ii). Stationary Pyramid: A population level in which there will not be any change in fertility and mortality rates, that is death rate and birth rate will be same.

iii). Constructive Pyramid: A population pyramid with low population of younger generation. The country with much of older generation.

5). Issues related to supply chain management:

There are various issues related to supply chain in daily business activities they are as follows:

i). Customer service: Supply chain is making the right product available to right customer at right time at right place and this cannot be accomplished without any complexities.

ii). Cost control is another main agenda of the supply chain with attaining raw materials at a lower cost and manufacturing them at a low cost, this can be obtained only by procuring raw materials at low cost.

iii). Planning and risk management:  Changes in new product launches, global sourcing, credit availability and the need to protect intellectual property. These risks must be identified and quantified in order to control and mitigate.

iv). It is very crucial to create, understand and follow mutually agreed upon standards to better understand current performance and opportunities for improvement.