1. Many companies around the world, including those in the US, have outsourced goods and services to India and China. However, some of these businesses have reversed course and are now insourcing these goods and services. Do you agree that this course reversal may be justified?
2. Compare and contrast Fixed-Order-Quantity and Fixed-Order-Interval systems. What are the characteristics, advantages and disadvantages of each? Why FOI system requires a higher safety stock than the ROP system in order to achieve the same service-level? Explain.