This is for the module : Logistics Management

PLEASE TYPE ALL ANSWERS.

The last image is a guideline as to how the

question should be answered and what fhe

answer should entail.

Thank you in advance

In many industrial sectors, original-equipment manufacturers (OEMs) face a challenging and uncertain future. In recent years, input prices have fallen and growth in emerging markets has slowed, decreasing new-equipment sales in industries ranging from oil and gas to agriculture to commercial aerospace. In response, CEOs at industrial OEMs are increasing their focus on aftermarket services. The appeal of this strategy is simple: services provide stable revenue and often higher margins than sales of new equipment. In this regard, 3.1 Explain the role of lean mindset on enhancing logistics performance. 3.2 With the aid of a diagram, discuss the dependency levels of hierarchical planning highlighting fundamental actions on each horizon. QUESTION 3 Students are required to explain the role of lean mindset on enhancing logistics performance. The question is directly asking for the competency not a strategy, students must observe and keep that in mind when answering this question. They should then discuss the dependency levels of hierarchical planning highlighting fundamental actions on each horizon, with the support od examples and illustration to substantiate the discussion