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Engineering

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The University of Texas at Austin

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Supply Chain Management
Student’s Name
Institution Affiliation
Course
Professor’s Name
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Supply Chain Management
Chapter 16 Price and Revenue Management in SC
In what ways can a retailer such as Nordstrom take advantage of revenue
management opportunities?
Nordstrom can take advantage of having a seasonal pricing strategy. Such a strategy
could allow the company to adjust the prices of the goods they sell based on the overall demand
in the market and the season experienced. High prices occur when there is high demand. It could
help them maximize the profit margins from their operations (Gallego & Topaloglu, 2019). On
the other hand, it could help to have some small revenue when there is minimal demand, and
thus, lowering the prices could help the company attract some customers. The process allows the
company to maximize the revenue and profits they get from operations and even helps with the
inventory movement from different places. Effective supply chain management is critical for the
profitable operations of any company.
What revenue management opportunities are available to a manufacturer? How can
it take advantage of these opportunities?
Through the use of revenue management, manufacture can effectively optimize their
operations and profitability. Manufacturers can use demand forecasting to effectively predict the
range within which the demand for the products they make will range. The company then
optimizes its production process by reducing the costs involved and even cutting or increasing
the inventory needed. Through doing this, they can produce as many goods as required at the
right price. The process allows them to sell their goods at the right profit margin. By optimizing
their expenses, they can considerably reduce their costs and increase their profits for the best
performance within any specific period.

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1 Supply Chain Management Student’s Name Institution Affiliation Course Professor’s Name Date 2 Supply Chain Management Chapter 16 Price and Revenue Management in SC • In what ways can a retailer such as Nordstrom take advantage of revenue management opportunities? Nordstrom can take advantage of having a seasonal pricing strategy. Such a strategy could allow the company to adjust the prices of the goods they sell based on the overall demand in the market and the season experienced. High prices occur when there is high demand. It could help them maximize the profit margins from their operations (Gallego & Topaloglu, 2019). On the other hand, it could help to have some small revenue when there is minimal demand, and thus, lowering the prices could help the company attract some customers. The process allows the company to maximize the revenue and profits they get from operations and even helps with the inventory movement from different places. Effective supply chain management is critical for the profitable operations of any company. • What revenue management opportunities are available to a manufacturer? How can it take advantage of these opportunities? Through the use of revenue management, manufacture can effectively optimize their operations and profitability. Manufacturers can use demand forecasting to effectively predict the range within which the demand for the products they make will range. The company then optimizes its production process by reducing th ...
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