Explain the impacts of order cycle time length and variability on both buyers and sellers.
Answer to relevant QuestionsCustomer service is often viewed as the primary interface between logistics and marketing. Discuss the nature of this interface and how it might be changing. Explain the essential characteristics of MRP, DRP, and VMI. How do they operate with each other to provide a systematic approach to managing supply chain inventories? How does inventory carrying cost for inventory in transit differ from the cost of inventory at rest? Describe the purpose and value of freight documentation. Discuss the function of the following documents: bill of lading, freight bill, and freight claim. How would a distribution operation monitor the quality of service provided by a 3PL service provider? What types of metrics would be used to measure private distribution operations?
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