LG305 Park University International Logistics Discussion Questions

I need the following questions answered:

Answers should be 50 -100 words for each question.

  1. Define Logistics
  2. Provide an alternative definition of Logistics from the USA Society of Logistics Engineers.
  3. Define Supply Chain.
  4. What is the key to a successful Supply Chain?
  5. What is the rationale/benefit of outsourcing all or part of company operations?
  6. An analysis of the competitive advantage identified three elements, each which has an interface with the other. Identify each element and describe.
  7. List 5 reasons for excess inventory.
  8. List 3 factors influencing the development of global logistics.
  9. Define Lean-supply chain management.
  10. List three areas that need to be addressed under Lean-supply chain management.