I need the following questions answered:
Answers should be 50 -100 words for each question.
- Define Logistics
- Provide an alternative definition of Logistics from the USA Society of Logistics Engineers.
- Define Supply Chain.
- What is the key to a successful Supply Chain?
- What is the rationale/benefit of outsourcing all or part of company operations?
- An analysis of the competitive advantage identified three elements, each which has an interface with the other. Identify each element and describe.
- List 5 reasons for excess inventory.
- List 3 factors influencing the development of global logistics.
- Define Lean-supply chain management.
- List three areas that need to be addressed under Lean-supply chain management.