BSOP 434 Week 1 Homework Assignment…………..(BSOP 434 Logistics with Lab – DeVry)

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Chapter 1
Question 2: Distinguish between possession, form, time, and place utility.
Chapter 2
Question 4: Why do contemporary supply chains need to be fast and agile?
Question 8: Discuss some of the ways that inventory can be reduced in the supply chain.
Chapter 9
Question 5: Distinguish between a fixed order quantity and fixed order interval system. Which one generally requires more safety stock? Why?
Question 9: What are implications of the JIT approach for supply chain management?