(a) Write an equation for the anticipated cost minimization. (b) Draw a network model indicating the flow of the products. (c) Using the Northwest-Corner Rule, how many units should be shipped?
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- Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. As the Marketing Manager for Southeastern Corrugated, what would you do upon receiving the request for quotation from Coastal Products?QUESTION 3Reverse logistics is important in managing the supply chain. Distinguish between forward logisticsand reverse logistics in supply chain management. Note: answer this question about 160 words(maximum)Ancient history of logistics distribution regarding probability?
- Question 1By moving goods from locations where they are sourced to locations where theyare demanded, transportation provides the essential service of linking a companyto its suppliers and customers. It is an essential activity in the logistics function,supporting the economic utilities of place and time. Illustrate the FOUR (4) natureof freight transport in the business worlds. Answer should be with proper elaborations and examples. This is not a writting assignment. Thank you.Question one How the need to maintain logistics operations in the short term affects the price and quality of logistics operations. a. Increases price, or quality, or both. b. Has no influence. c. Reduces price and quality. d. Increases price and reduces quality. Question Two In which answer ALL THREE FACTORS are characteristic of a low-cost logistics strategy: a. Delivery of goods according to a pre-planned schedule, conclusion of long-term supply contracts, installation of an electronic order management system. b. Resilience to supply chain disruptions, acquisition of own real estate, conclusion of long-term supply contracts? c. Flexible satisfaction of customer needs, conclusion of long-term supply contracts, large stocks of goods in warehouse. d. Large stocks of goods in warehouse, short delivery time, installation of an electronic order management system.QUESTION 25 Choose the best answer. Role and perspective of participant, Agents: Desires a stable and efficient transportation environment to support economic growth Brokers and freight forwarders facilitate carrier and customer matching Concerned with transportation accessibility, expense, and standards for security, safety, and the environment A desire to maximize their revenue for movement while minimizing associated costs A common interest in moving goods from origin to destination within a given time at the lowest cost QUESTION 26 Choose the best answer. Role and perspective of participant, Government: Desires a stable and efficient transportation environment to support economic growth Concerned with transportation accessibility, expense, and standards for security, safety, and the environment A desire to maximize their revenue for movement while minimizing associated costs…
- Question 1 In recent years, the roles of professional logistics practitioners are increasingly crucial. This is related to heightened transportation costs in logistics. All freight forwarders and agents try to negotiate the most optimal amounts for the transportation of the cargo. However, this is becoming more difficult because of rising fuel prices and, consequently, services for moving goods and materials from one place to another, especially when it comes to imports and exports. Describe any TWO (2) logistics viewpoints beyond logistics Support your answer with appropriate example to distinguish both characters.Weighted factor methodUse the table to calculate the most ideal X coordinate for supermarket Point Quantity offered/requested Transportation costs Coordinate X Coordinate Y Supermarket 1 3,000 0.04 4 8 Supermarket 2 3,500 0.04 7 2 Supermarket 3 2,000 0.07 3 5 Supermarket 4 1,500 0.07 7 4 Supermarket 5 1,200 0.07 6 8Q4) You are the transportation manager of a manufacturing company producing construction materials and equipment in the UAE. Two main products that your company produces are pumps for concrete, which weigh 25 kg and sell for $1000 each, and isolation bricks, which weigh 0.5 kg and sell for $10 each. Although the isolation bricks are light, they require too much space. Your main customers of both products are located in Europe. To serve your customers in that region, you own and manage a big distribution center (DC in France. Your production plant in the UAE and the DC in France are strategically located with easy access to an airport, harbor, train station and main highways. You are preparing a report to the upper management about the transportation possibilities for these products to your DC in France. Discuss the effect of shipment frequency on transportation cost. What strategies can your company use to lower the shipment frequency? Also discuss the effect of these strategies on…
- Q4) You are the transportation manager of a manufacturing company producing construction materials and equipment in the UAE. Two main products that your company produces are pumps for concrete, which weigh 25 kg and sell for $1000 each, and isolation bricks, which weigh 0.5 kg and sell for $10 each. Although the isolation bricks are light, they require too much space. Your main customers of both products are located in Europe. To serve your customers in that region, you own and manage a big distribution center (DC in France. Your production plant in the UAE and the DC in France are strategically located with easy access to an airport, harbor, train station and main highways. You are preparing a report to the upper management about the transportation possibilities for these products to your DC in France. Discuss 3 possible transportation modes that you think are convenient to transport these products from your plant to your DC in France. Discuss the general advantages and disadvantages…question 2 b Explain any FIVE (5) value-added services provided by a wholesaler distribution network. Linked your answers with upstream and downstream of the retail operation.1. Read each of the following statements and determine which method of transportation is the best option. Provide a reason for your choice. Oil shipping from an oil field in Oklahoma to a refinery in Houston, Texas. a. b. Corn transported from a farm to a local grain elevator. C. Farm equipment manufactured in Canada transported to a warehouse in Wisconsin. d. Cut flowers sent from Hawaii to California.