Answer questions 1 - 4 below
1) Explain how model formulation software and information systems can assist with:
- Reprocessing
- Reprocessing Cost
- Disposal Cost
- Resale & Profit
2) Formulate in a couple of paragraphs how you would draft a return policy
3) Discuss the correlation between returned product types and the seven channels of product disposition?
4) When analyzing the Methods A-D, and the information or miss-information on forecasting, performance and performance with respect to inventory costs as proposed by Kelle and Silver (1989). Which is the best method to deal with mis-information?
- Readings: SPMR - CH 4 & 5 (Used Products), GB - CH 3 (Secondary MKT), MRL - CH 7 (Product Returns, Inventory)
- Supplemental readings, Reverse Logistics (An Important Dimension of Supply, Reverse Logistics (An Important Dimension of Supply), & ce_salvage_inventory_flow.