Consider two products with the same margin carried by a retail store. Any leftover units of one product are worthless. Leftover units of the other product can be sold to outlet stores. Which product should have a higher level of availability? Why?
Answer to relevant QuestionsA firm improves its forecast accuracy using better marketing intelligence. What impact will this have on supply chain inventories and profitability? Why? What modes of transportation are best suited for large, low-value shipments? Why? What are some ways that a firm such as Wal-Mart benefits from good sourcing decisions? For products such as home appliances, toys, garments, and consumer electronics, what factors would influence selecting an onshore, near-shore, or offshore supplier? Describe the “tragedy of the commons” in the context of supply chain sustainability. What are some “mutually coercive” mechanisms that could be implemented to encourage supply chain sustainability?
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