4.1 Learning Outcomes:

• Explain the concept of value and its implications for managing the supply chain.
• Explain how logistic costs can be managed for better value creation.

4.2 Action Required:

• The following table shows various costs incurred by a manufacturing company:

Cost

Variable cost

Fixed cost

Depreciation

Cost of shipping finished goods to customers

Wood used in manufacturing furniture

Manageràsalary

Electricity used in manufacturing furniture

Packing supplies for shipping products

Sand used in manufacturing concrete

Supervisoràsalary

Advertising costs

Executiveàlife insurance

4.3 Test your Knowledge (Question):

• Answer with a tick mark or write in words which is a fixed cost, and which one is a variable cost.

4.4 Instructions 

• Answer the question in the test your knowledge section.
• Post your answer on the discussion board using the discussion link below
• 5.1 Learning Outcomes:
  • Identify challenges that internationalization presents to logistics management.
  • Discuss the drivers and logistics implications of internationalization
  • Determine the forces shaping international logistics
  • Analyze the structure and management of a global logistic network
  • 5.2 Action Required:
     
  • Watch the short video at the following link
  • https://www.youtube.com/watch?v=qQhb-n6uKUo
    5.3 Test your Knowledge (Question):
  • Differentiate between outsourcing differ from offshoring? 
  • 5.4 Instructions
  • Answer the question in the test your knowledge section.
  • Post your answer on the discussion board using the discussion link below
  • 7.1 Learning Outcomes:
    • Explain time-based competition.
    • Differentiate P:D ratios and differences.
    • Analyze how organizations compete through managing lead time.
    • 7.2 Action Required:
       
    • Watch the short video at the following link
    • 7.3 Test your Knowledge (Question):
       
    • What do you understand by bullwhip effect? 
    • 7.4 Instructions
    • Answer the question in the test your knowledge section.
    • Post your answer on the discussion board using the discussion link below
    • 8.1 Learning Outcomes:
      • Explain the supply chain planning and control process.
      • Analyze initiatives to overcome poor coordination in retail supply chains.
      • Evaluate the material flow model in a supply chain.
      • 8.2 Action Required:
      • Read the research paper through the following link
      • https://www.researchgate.net/publication/228438411…8.3 Test your Knowledge (Question):
        What is supply chain planning controls?8.4 Instructions