What is the underlying principle of the square-root rule? How do inventories change as the number of warehouses in a logistics network changes?
Answer to relevant QuestionsWhat are the major components of inventory carrying cost? How would you measure capital cost for making inventory policy decisions? What is the difference between independent and dependent demand items? Why is this distinction important to inventory managers? Describe the purpose and value of freight documentation. Discuss the function of the following documents: bill of lading, freight bill, and freight claim. The trend in private distribution is to use fewer but larger facilities in the network. Discuss the underlying economic rationale for this strategic shift in the number and size of private facilities. 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?
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