Questions-Operations and Supply Chain

Please answer qiestions and provide referrences if used

  • What is the meaning of logistics?
  • How do firms go about planning and analyzing their logistics capabilities? (please answer in 150+ words)
  • Why is it important for firms to focus on global procurement and sourcing?
  • What are ways firms can be more efficient through improved global procurement and sourcing?
  • How should firms go about making the decision whether or not to outsource?(please answer in 150+words)
  • What are characteristics of efficient, responsive, risk-hedging, and agile supply chains?
  • Why is it desirable to increase a company’s inventory turnover ratio?
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