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Q1. Read the contents on pages 31 and 32. Explain in your own words, why there is a need to manage the supply chain.


Q2. Go through the problem-solving guide on page 39. Solve this problem (show all calculation):


A company has annual demand of 500 units of a critical part in manufacturing. The ordering cost is $40 and annual holding cost is $3 per unit. What is the order quantity? (show all calculations).


Q3. Solve Problem 3 on page 65 (PROBLEMS). Compute the multifactor productivity measure for each ….. Show all calculations. {Hints: read solved problems on page 63 and 64].


Q4. Compare standard gasoline cars with electric cars. Explain how these two classes of cars differ in features, costs, convenience, ease of use, and value. (Read Chapter 4 materials).