13692Respond or elaborate on the discussion post below: A distribution network in my world is a connected set of suppliers, distribution centers, stores, logistics, carriers, and doing my best to bring it all together into one cohesive flow. It is managed as a network, not as...
13683Respond or elaborate on the discussion response below: The risk equation is simple. Risk = Probability × Impact. This means the chance of something happening times the damage it could cause. If either the chance or the damage goes down, then the overall risk goes down...
13682Respond or elaborate on the discussion response below: Risk management is a critical part of logistics and supply chain operations because disruptions can quickly escalate into costly inefficiencies. The basic risk equation is generally expressed as: Risk = Probability of an Event × Consequence of the Event This...
13674Respond or elaborate on the discussion response below: In today’s interconnected supply chains, leaders rely heavily on information systems. To gain visibility and coordinate activities across the global pipeline. A Supply Chain Management System (SCMS) are created to manage the flow of goods, services, and information...
13673Respond or elaborate on the discussion response below: Supply chain management systems (SCMS) are a set of tools that manage the flow of goods, information and finances from end-to-end of the supply chain. Each system covers specific areas of supply chain activity including planning, sourcing, production...
13661After reading Chapter 15 and 16(attached), reflect away from the text, and then write fully in your own words, integrating course concepts with your own real-world experiences to demonstrate university-level knowledge. Use three headers total, one per main prompt below. Do not list the questions; use...
13657Respond or elaborate on the response below: The World Trade Organization (WTO) was created to oversee fair trade between countries, to help settle disputes when disagreements occur. The goal is to lower trade barriers and to set standards that allow goods to move across borders as...
13656Respond or elaborate on the response below: The World Trade Organization (WTO) is an international economic organization created to regulate and facilitate trade. The key functions of this organization, allows fair trade agreements through dispute settlement, monitoring compliance, and provide a platform for negotiation and capacity...
13653After reading Chapter 14 reading(attached), reflect away from the text, and then write fully in your own words, integrating course concepts with your own real-world experiences to demonstrate university-level knowledge. Use three headers total, one per main prompt below. Do not list the questions; use headers...
13647Respond or elaborate on the response below: Theory of constraints was invented by Eliyahu M. Goldratt in 1980-s. The theory states that in every process there is at least one “constraint” or “bottleneck”, which restricts the performance of the entire system (Goldratt, 1990). It is significant...