QUESTIONS.
Answers should be well-written and presented with organized structures. Students can selectively use references to support their statements. Be succinct; however, students must provide sufficient reasoning when answering questions.
1. Explain the aspects regarding three crucial decisions to make regarding the creation and holding of inventory in a supply chain. Discuss the primary trade-off a supply chain manager needs to consider for inventory management.
2. Develop a useful model of supply chain operations that include crucial logistics processes. Explain why the processes need to be considered in your model.
3. Discuss the characteristics of cycle inventory a company need to manage in a supply chain. If you intend to apply the Economic Order Quantity (EOQ) technique to manage cycle inventory, how will you implement it into your inventory control practice?
4. What are the supply chain operations that are necessary to make and deliver products and services? Discuss how to make them work.