Question: What are the principal types of modeling techniques that apply
What are the principal types of modeling techniques that apply to the task of logistics/supply chain network design and facility location? What are the strengths and limitations of each?
Answer to relevant QuestionsDescribe the grid technique. What is its purpose, and how does it lead to the making of a decision? What are its strengths and limitations? The strategic sourcing process can be described in terms of a series of steps that should be used in the purchase of goods and services. Briefly discuss these steps. Discuss the role of production operations in the supply chain. Provide examples of how effective/ineffective production operations impact supply chain performance. Why have the scope and magnitude of reverse flows of materials increased so dramatically in recent years? What do you think is the most important reason? Why? What are the objectives of financial-based strategies? In what ways does outsourcing some or all logistics and supply chain activities help to accomplish these objectives?
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