Part 1: Gross Domestic Product (GDP) is the broadest measure

Part 1: Gross Domestic Product (GDP) is the broadest measure of output for an economy.  However, GDP does not perfectly measure well-being of a nation and its citizens’ welfare.  Discuss what GDP is and what it measures?  Discuss what the shortcomings (limitations) of GDP as a measure of well-being and welfare of a nation are?

Part 2: Evaluate the four building blocks of a supply network strategy and how they work together to form an effective supply chain. Review the case study “Surplus Styles” in your textbook on page 46.  Then briefly answer questions 1 through 3.  Also, provide your insights into how Derick should resolve his problem including (a) what steps he should take, (b) should he go out for quotes from a list of vendors or negotiate with his current vendor.  Finally, think about and briefly discuss what the differences are when selecting vendors to meet cost points versus meeting quality standards.

Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!