After reading the assigned chapters, reviewing the assigned presentations, and watching the assigned videos, please answer the following Review Questions from chapters 12 and 13: ( Collier, D. A, & Evans, J. R. (2021). Operations and supply chain management (2nd ed.). Cengage.)
- What is supply chain management? How does it differ from logistics?
- Define and explain the different types of inventory costs that managers must consider in making replenishment decisions. How can these costs be determined in practice?
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