Describe the tradeoffs that occur between transportation and inventory costs. Drawing on examples from real products and companies, explain when it is more profitable to use more expensive transportation and maintain smaller inventory, and when it is more advantageous to use cheaper transportation and maintain larger inventories. Discuss the application of key concepts such as Just-in-Time (JIT) strategy, lean dynamics, and Kanban systems.
Standard detail
4
Depth 1Parent ID: 1B35E2984AB1451CB5B04035FC32274DStandard set: Supply Chain Management I
Original statement
Quick facts
- Statement code
- 4
- List ID
- 4
- Standard ID
- 7BDE804455D54ADDB1C518647CA71BEF
- Subject
- CTE (2020-)
- Grades
- 10, 12, 11
- Ancestor IDs
- 1B35E2984AB1451CB5B04035FC32274D
- Source document
- Supply Chain Management I
- License
- CC BY 4.0 US