Question: Inventory is always an example to show how supply chain coordination can help reduce inventory level and corresponding cost. Discuss some of the ways that

  1. Inventory is always an example to show how supply chain coordination can help reduce inventory level and corresponding cost. Discuss some of the ways that inventory can be reduced in the supply chain. Explain how your choice can help reduce the inventory level, and what the corresponding cost will be for your choice?
  2. What is the difference between relational and transactional exchanges? Which is more relevant for supply chain management? Why? Is there any scenario that transactional exchange prevails?
  3. Do you think corporate cultures are relevant to supply chain management? Why or why not?
  4. What is the difference between a 3PL and a 4PL/LLP? Why is 4PL evolved? What advantage it has compared with 3PL? Will 4PL completely replace 3PL, or it will just work as a complement to 3PL? Why?

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