reverse logistics management and operations
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Based on material from chapters 4 & 5 (Reverse Logistics and Closed Loop Supply Chain Processes), answer questions 1 – 4 below. Keep LO-4 to LO-8 in mind when considering your response. Lengthy posts and answers do not correlate to better grades.
LO-4 Explain the concepts, strategic issues, and different decision-making situations for each of them.
LO-5 Explain best practices of a reverse logistics operation.
LO-6 Demonstrate knowledge of several techniques that used in the strategic planning models
LO-8 Demonstrate knowledge the critical thinking used to (fuzzy logic, QFD, and method of total preferences) select world markets with the most market potential.
– Readings: SPMR – CH 4 & 5 (Used Products), GB – CH 3 (Secondary MKT), MRL – CH 7 (Product Returns, Inventory)
– Supplemental readings, Reverse Logistics (An Important Dimension of Supply, Reverse Logistics (An Important Dimension of Supply), & ce_salvage_inventory_flow.
1) Explain how model formulation software and information systems can assist with:
– Reprocessing
– Reprocessing Cost
– Disposal Cost
– Resale & Profit
2) Formulate in a couple of paragraphs how you would draft a return policy
3) Discuss the correlation between returned product types and the seven channels of product disposition?
4) When analyzing the Methods A-D, and the information or miss-information on forecasting, performance and performance with respect to inventory costs as proposed by Kelle and Silver (1989). Which is the best method to deal with mis-information?
Instructions: Your initial post should be at least 250 words. Please respond to at least 2 other students. Responses should be a minimum of 100 words and include direct questions.