Question: PLEASE HELP ASAP * In the textbook under Understand Your Products and Services (Step 3), it discusses 5 product types (commodities, luxury goods, fashion goods,
PLEASE HELP ASAP
*In the textbook under Understand Your Products and Services (Step 3), it discusses 5 product types (commodities, luxury goods, fashion goods, durable goods and technology) and it lists supply chain priorities for each product type. For example - for commodities, the supply chain priority is low price, high availability, and minimum quality standards.
1a) For each of the 5 product types, list 2 actual products that fall under each.
1b) For each of the 5 product types, explain why it has the characteristics of the supply chain priority listed. For example - why is it that for companies that manufacture or sell commodity type products, why is it important that the characteristics of the supply chain be ones that have low price, high availability and minimum quality standards. Answer this question also for the other 4 product types and their supply chain priorities.
*In the textbook under Building the Right Supply Chain - the 4 goals are capacity, responsiveness, flexibility and cost.
2) For each goal, briefly explain what it measures - what is that goal about. Your answers should be based on info in this textbook
*In the textbook under Looking at Cost Drivers, it discusses 4 cost drivers - procurement costs, transportation costs, inventory costs and quality costs.
3)Based on info from reading the textbook, identify and briefly explain one way you can reduce each one of these costs (for each cost driver).
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