Questions Also Available for Participation/Discussion in this Section

Chapter 10 – Inventory Management

• What are the three main types of inventory and why are each important to business operations?
• What are the main reasons to hold inventory? What are the drawbacks of holding inventory? How costly can it be not to have inventory?
• What are the key metrics for success in analyzing inventory?
• Explanation at least two challenges of inventory management.

Chapter 11 – Supply Chain Management

• Explain some of the key metrics in supply chain management.
• What is the meaning of logistics?
• Why is it important for firms to focus on global procurement and sourcing?
• Where does variability come from in a supply chain?
• Explain the differences between tactical and strategic decisions.
• Provide an explanation of the variables you would consider in selecting the country and justify your rationale.
• How should firms go about making the decision whether or not to outsource?
• Describe how outsourcing works. Why would a firm want to outsource?
• What is the bullwhip effect and how do you manage it?
• What are ways firms can be more efficient through improved global procurement and sourcing?
• If you were starting a new software development company and could locate it anywhere in the world,