Thoroughly explain a typical manufacturing Supply Chain. (5 points)
2. What is the difference between a product and service Supply Chain? Give examples. (5
points)
3. Name 2 advantages and 2 disadvantages of outsourcing. Give examples. (5 points)
4. Explain the difference between the strategic, tactical and operational levels of a Supply
Chain. Give examples. (5 points)
5. What is Smart Pricing? Explain and give examples. (5 points)
6. Thoroughly explain the Economic Lot Size Model. (5 points)
7. What is Demand Uncertainty and what are the three principles of all forecasts? (5
points)
8. Referring to the case study in the text (page 63-76) Sport Obermeyer —Answer the
following questions: (15 points)
a) Using the sample data in table 2-20, make a recommendation for how many
units of each style Wally should make during the initial phase of production.
Assume that all of the 10 styles in the sample problem are made in Hong Kong
and that Wally’s initial production commitment must be at least 10,000 units.
Ignore price differences among styles in your initial analysis.
b) Can you come up with a measure of risk associated with your ordering policy?
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