Question: (4 points) Supply Chain Strategy: Explain the relationship between logistics and SCMs policies and the firms strategy. What are various different wastes identified in the

(4 points) Supply Chain Strategy:

    1. Explain the relationship between logistics and SCMs policies and the firms strategy.
    2. What are various different wastes identified in the classic Toyota Production System?
    3. Discuss the application of lean principles in a services context.
    4. What is the decoupling point?

(4 points) Logistics and Procurement

  1. What is meant by the concept of generalized costs as it applies to logistics and transport?
  2. What is a consolidated shipment?
  3. What are incoterms? What is a bill of lading?
  4. Outline the basis for dividing incoterms into four distinct groups.
  5. What are integrators and outline the benefits of the services that they provide in comparison to other logistics service providers.

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