Question: Discuss the nature and importance of the four logistics related elements
Discuss the nature and importance of the four logistics-related elements of customer service.
Answer to relevant QuestionsExplain why inventory costs and inventory levels have declined relative to GDP over the last 20 years. Is this beneficial to the economy? Why or why not? How can inventory carrying cost be calculated for a specific product? What suggestions would you offer for determining the measure of product value to be used in this calculation? Discuss the role of transportation in the supply chain. Provide examples of how transportation can positively and negatively impact supply chain performance. Describe the major challenges faced by distribution managers in the current environment. Why are most location decisions analyzed by a team of managers instead of a single person? What types of teams are suggested as being helpful to the task of logistics network redesign?
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