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1. Suggest 4 products that benefit from increased time and place value due to superior logistics. Explain your rationale clearly for the four products.
2. Suppose that an apparel business is to find out if domestic (Texas) or foreign (Taiwan) production is least expensive based on the total of production and distribution costs that must be computed from the source point to the marketplace (Chicago) for 100,000 shirts/year. The cost figures are as follows:
Texas: materials + production cost/unit: $8/shirt; transportation and storage cost: $5/cwt (i.e., hundredweight) (each packaged shirt weighs 1 pound) Taiwan: materials (1 pound/shirt) shipping cost: $2/cwt from Texas; materials +production cost: $7/shirt; import duty: $1/shirt; transportation and storage cost: $6/cwt Which is the preferred option?
What additional considerations might be relevant before making a final decision?
Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..
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