Definition of «supply»

The term supply refers to the amount of goods or services that are available for use by consumers. It is an economic concept that measures the ability of businesses to produce and sell products, which in turn affects prices and demand. In general usage, supply can also refer to the availability of something needed to complete a task or fulfill a need.

Usage examples

  1. Supply and demand: In economics, the term "supply" refers to the quantity of a product or service that producers are willing to offer in the market. For example, if the demand for a particular toy increases during the holiday season, the manufacturers must increase their supply to meet the demand.
  2. Supply chain management: Companies often use the term "supply" to refer to the process of managing the flow of goods, resources, and information from suppliers to customers. For instance, a retail store needs to ensure a steady supply of products by effectively managing inventory, shipping, and distribution.
  3. Power supply: In the field of electrical engineering, "supply" commonly denotes the provision of electric power or energy to devices or systems. For instance, if a computer is not turning on, it could be due to a faulty power supply unit that fails to deliver the necessary electrical energy to the components.
  4. Medical supplies: In the healthcare industry, "supply" often refers to the various items, equipment, or materials necessary for medical treatment or diagnosis. Examples of medical supplies include surgical instruments, bandages, medication, and personal protective equipment (PPE).
  5. Water supply: When discussing infrastructure or urban planning, "supply" typically pertains to the provision of freshwater to households, industries, and agriculture. Governments and municipalities are responsible for ensuring a reliable water supply through the construction and maintenance of water treatment plants, reservoirs, and distribution systems.

Sentences with «supply»

  • In these films, you will know how to check your breasts in order to determine the consistency of supply of milk. (checkpregnancy.com)
  • Well, besides the cost of art supplies of course. (visualnews.com)
  • The platform will focus on AI for fields like robotics but will also use AI to increase efficiency in supply chains in manufacturing and in industrial settings. (venturebeat.com)
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