questions – supply chain

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1.The “strategic profit model” described in your notes is an excellent tool for communicating how logistics can add value to an enterprise. Why? 2.What is the purpose of the Transportation Worker Identification Credential program? 3. Define the concept of performance management and discuss why this is an important topic for logistics managers. 4. Why does it make a difference whether an organization uses “historic value” or “current value” to estimate the total value of a firm or business unit’s inventory? 5. As a logistics manager, list at least three actions you would take to reduce the vulnerability of your supply chain to terrorist actions. 6. The Council of Supply Chain Management Professionals’ definition of logistics talks about “the efficient and effective forward and reverse flow and storage of goods, services, and related information . . . ” Briefly describe the difference between “effective” versus “efficient” logistics management with at least one example to illustrate your point. 7. What is meant by the term “acquisition logistics” and why is it important in the design of a new product or complex system? 8, It is clear that logistics plays a key role in the economic development and competitiveness of nations. Please list three examples of how logistics can improve the competitive advantage of nations. 9. The text emphasizes that marketing is a key business function related to logistics. Briefly explain the relationship between marketing and logistics and give at least one example to illustrate your point.

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