Question: Why has the JIT approach to inventory control become popular
Why has the JIT approach to inventory control become popular in some industries? How does the JIT approach compare to the EOQ approach to inventory management? Should JIT be adopted by all inventory managers? Why or why not?
Answer to relevant QuestionsDiscuss the role of transportation in the supply chain. Provide examples of how transportation can positively and negatively impact supply chain performance. How would a transportation manager monitor the quality of service provided by the carriers used? What types of metrics would be used? 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 is the difference between a regional/national location decision, and in what ways do the determinants of each differ? A key part of the procurement process is the selection of suppliers. What criteria are commonly used in this selection process? Which criteria should be given the highest priority? Why?
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