TLMT 313 Week 3: Questions & Answers: Latest Updated

Global location decisions are made to optimize the performance of the supply chain and be consistent with the firm's competitive strategy. Question options: True Logistics is what creates the efficient flow of goods between supply chain partners, allowing profits and competitive advantage to be maximized. Question options: TrueWhile the development and proliferation of the Internet and web based commerce has not completely eliminated the relevancy of facilities location, because of the Internet, the speed of delivery and cost in serving the customer are no longer factors in determining the strategic location of an organization's facilities. Question options: False Risk pooling is a strategy that attempts to use fewer warehouses to decrease the required safety stock levels since the negatively correlated market demands reduce the overall demand variance across the markets which the centralized warehouse services.