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You have been asked to be a guest speaker in a high school business class. Your task is to explain the basic concepts of supply chain management to a group of students. The students will take a quiz on supply chain management based on the information in your presentation.
Instructions:
Develop a creative, engaging, educational handout that students can use to prepare for the quiz. Your handout should accomplish the following tasks.
Diagram and explain the life cycle of a supply chain.
Explain, and provide examples of, the models organizations use to manage forecasting, planning, and inventory.
Examine, and provide examples of, the costs absorbed by organizations with respect to inventory and logistics.
Describe how organizations use various parameters to monitor supply chain performance and provide examples.
Simulate 3000 days of operation to calculate the hotel's average daily cost due to overbooking and opportunity costs.
Which of the following statement is true with respect to job satisfaction and performance
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The jewelry firm operates 200 days per year. Usage rate is 25 stones per day, and ordering costs are $48. If annual carrying costs are 30 percent of unit cost, what is the optimal order size?
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case problem a make-or-buy analysismanagers at wager fabricating company are reviewing the economic feasibility of
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