Answer the following questions from the textbook in a Word document. Your answers should be about one to two paragraphs per question. You can find a grading rubric in the Files section of the Course Menu.
1-12. Explain what is meant by the total cost approach to logistics.
5-2. Discuss the SCOR and GSCF models of supply chain management.
5-8. Do you agree that supply chain collaboration can be classified as transnational, tactical information sharing, or strategic in nature? Why?
8-2. What makes it difficult for managers to achieve the proper balance of inventory?
8-9. What assumptions are associated with the EOQ model?
Submit your assignment.
Total cost approach to logistics is that the cost for storing of products and materials until it is delivered to the customer; all costs shall be considered as a whole. The costs for various activities changes if there is a change in the transportation modes or some other factor. Such asif, the mode of transport is faster for a fast moving product the warehouse cost will go
