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?