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How Supply Chain is (Still) Underappreciated

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Supply chain advancements are credited with efficiency improvements within organizations but are often overlooked for their beneficial economic side-effects. For example, supply chain software may contribute more to productivity than traditional measures such as GDP suggest. One example is the Great Moderation. Another is the inability of economic models to capture the rapid improvement of software over time. This inaccurate measurement leads to underreporting of quality improvements. This underreporting is supported by the deflationary nature of software products.

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