What do you understand by concept of “total costs” in storage?
What do you understand by concept of “trade-offs” in distribution? Give three (3) exs to support your answer.
Channel selection will normally diverge from one company to another, but it is probable to define a number of general points that are likely to be relevant. Discuss this with help of exs.
If the flow of materials is properly coordinated there is no need for stock and, thus, no need for warehouses. Do you think that warehouses will disappear from supply chain?