1. Give short answers for the following questions.
a. Outline the main benefits of a supply chain.
b. Companies in any supply chain can make their decisions individually and collectively in five areas. What are these areas?
c. How is a modern supply chain different from that of the past?
d. What is Inventory Management?
e. 'Information' is one of the five drivers of supply chain. Discuss the purpose of information in a supply chain.
f. Name various types of inventory.
2. "Location decisions have strong impacts on the cost and performance characteristics of a supply chain." Discuss
3. Write short notes on the following participants of supply chain:
a. Producers
b. Distributers
c. Retailers