However, there are also some newer upstarts like Google, Amazon and Facebook. Regardless, the lessons taught when it came to the obliteration of firms like Blockbuster, Circuit City and others shows us that there is very much an "evolve or die" climate when it comes to business models, operations strategies and supply chain management (Roesler, 2014)
However, since Smitheford developed this drug themselves, the ire will not be nearly as bad as it would be as compared to a company that bought the rights to the drug and then jacked up the price. Turing Pharmaceuticals is a good example of a firm that has caught holy Hell for doing that (Mullin, 2016)
Finally, managing safety and quality means that inventory products are produced according to standards of safety in the country where they will be distributed to ensure that everything is within safety guidelines. Recalls and lawsuits can be costly and managers want to avoid them (Boariu, 2015)
In production (a manufacturing plant), economy of scale is achieved when more product can be produced with less input costs. In other words, when a company grows and has more clients, it can produce more for less -- it is the same concept as buying in bulk for cheaper price; here, the company produces more for less cost (Heakal, 2015)
The weakness of the technique is that it depends upon data that has been gathered in the past, which is used as a predictor (this is how the chart with time frames is produced). If a project is new in approach or a company has no past data to draw from, the PERT/CPM technique will not be useful or possible (Ingram, 2015)