Prepare a memo for all team members that identifies and elaborates on
Question 1. The generic life cycle stages used in estimating the cost of ownership. In the memo, discuss
Question 2. Why it is important for supply chain management to incorporate knowledge of the life cycle into its cost estimation and decision-making processes.
Question 3. As an example for the team, create your own example or cite a current example of a company that has used its understanding of the life cycle costs in a supply chain make or buy decision and how that knowledge impacted the decision process.