BSOP 434 WEEK 1 ASSIGNMENT

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BSOP 434 WEEK 1 ASSIGNMENT
2. Distinguish between possession, form, time, and place utility.
4. Why do contemporary supply chains need to be fast and agile?
8. Discuss some of the ways that inventory can be reduced in the supply chain.
5. Distinguish between a fixed order quantity and fixed order interval system. Which one generally requires more safety stock? Why?
9. What are implications of the JIT approach for supply chain management?

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