Logistics costs as a percentage of GDP have been decreasing in recent years. What factors have contributed to this relative decline? What does the future hold for logistics costs?
Answer to relevant QuestionsDiscuss the ways in which logistics contributes to economic value in the economy and in an organization. Pick one of the ways and discuss in more detail? Globalization has developed in three phases or eras. What are the major differences between today’s third phase and the previous two phases? Do you think that there will be a fourth phase? Why or why not? Why are customer service and its related strategy so important for companies operating global supply chains? What does it take to have an area of “core competency”? Provide an example. “Metrics must focus upon customer needs and expectations.” Explain the meaning of this statement. Why have customers become more important for performance measurement? What role, if any, should customers play in ...
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