Total cost approach to logistics.

1. Explain what is meant by the total cost approach to logistics.
2. From a logistics perspective, how is network organizational design manifested in terms of relevancy, responsiveness, and flexibility?
3. Discuss some of the ways that inventory can be reduced in the supply chain.
4. Define what is meant by dead inventory. What are several ways to manage it?
5. Distinguish between facility relocation and facility closing. How should companies deal with their human resources (workers) in both situations?

Sample Solution