Question: . Supply chains encompass four flows. Describe the four flows. Why are they important? How are they related to each other? 2 . Describe how

. Supply chains encompass four flows. Describe the four flows. Why are they
important? How are they related to each other?
2. Describe how a globally made product flows from its origin to its destination in
another country. What types of organizations may be involved in this global journey?
3. What are INCOTERMS and how do they facilitate global supply chain flows?
Describe the types of issues that INCOTERMS address.
4. Explain the relationship between logistics and supply chain management?
How about Logistics and Manufacturing?
5. Logistics encompasses a relatively large number of managerial activities.
Discuss five of these activities and why they are important to logistics
systems. Are some of these activities increasing in importance in the 21st
century? Why?
6. What are the steps in the process of supply chain network design? Of these steps,
which are most relevant to the task of selecting a specific location for a logistics
facility?
7. Discuss the role of logistics variables in the decision as to where to locate a
plant or distribution center.
8. Using the grid technique, determine the least-cost location for the following problems:
a. Location of manufacturing or distribution facility between sources and markets.

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