- What recent changes have caused supply chain management to gain importance?
- With so much productive capacity and room for expansion in the United States, why would a company based in the United States choose to purchase items from foreign firm? Discuss the pros and cons.
- Describe the differences between functional and innovative products.
- What are characteristics of efficient, responsive, risk-hedging and agile supply chains? Can a supply chain be both efficient and responsive? Risk-hedging and agile? Why, or why not?
- As a supplier, which factors would you consider about a buyer (your potential customer) to be important in setting up a long-term relationship?
- Describe how outsourcing works. Why would a firm want to outsource?
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