Homework: Supply Chain Management
Visibility, Traceability, Data management and Supplier relations used to be the biggest challenges facing supply chain professionals. However, over the last 15 months, uncontrollable factors like COVID-19 have merged with technological evolutions to create a number of new supply chain dynamics. In this context please answer the following questions:
I. Discuss the relationship between service level, uncertainty, safety stock, and order quantity. How can trade-offs between these elements be made
II. Discuss and the role ware houses play in your logistics in the context of the growth of e-commerce and digital transformation.
III. Discuss and compare Lean vs Agile Supply Chain and suggest the best option, justifying your suggestion
IV. Which type of operations and supply chain environment do you think would have a more difficult time managing change from external factors-an environment supporting standardized products/services or one supporting customized products/services? Why?
V. Accordingtorecentstudy72%ofconsumerproduct organizations and 58% of retailers are actively investing in regionalizing or localizing their manufacturing base or nearshoring production to prevent future disruption. What is your suggestion as Supply Chain Manager. What are the implications in Transportation, Warehousing and Inventory?
Format your homework according to the give formatting requirements:
1. The answer must be double spaced, typed, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the homework, the course title, the student's name, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.