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Learning Goal: I’m working on a supply chain multi-part question and need a sample draft to help me learn.QUESTION #1 – Define the terms “third-tier supplier” and “third-tier customer”. Choose a company and describe their actual supply chain, which must include third-tier supplier(s) and third-tier customer(s). Provide a schematic diagram for that company’s supply chain, similar to Figure 1.1. presented on textbook page #6. QUESTION #2 a)How can the Purchasing function help to improve the competitive edge of an organization?
b)Explain how manufacturers can leverage their suppliers to gain a competitive advantage.
QUESTION #3 a)Explain your understanding of “backward vertical integration” and describe the advantages of outsourcing compared to backward vertical integration.
b)Perform online research and provide three examples of organizations that applied backward vertical integrations and have incorporated that approach successfully. Provide the references you used for the online research.
QUESTION #4 a.What is the ABC inventory system and how is it used to manage inventory?
b.How important is it to conduct cycle counting? Justify.
c.
QUESTION #5 – Why is inventory management important to Supply Chain Management? Provide a comprehensive explanation.
Requirements: Clear Answers
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