Logistics includes activities that govern the flow of tangible, physical materials through the supply chain such as shipping, transport, distribution, and warehousing. The technologies reinventing the supply chain include 3D printing, RFID, drones, and robotics.1.What are the five primary activities in a supply chain?2.What is the bullwhip effect and how can it affect a supply chain and a firm's profitability?3.Where are the customer's customers in a typical supply chain?4.Where are the supplier's suppliers in a typical supply chain?5.What is procurement and how does it impact the supply chain?6.What is logistics and how does it impact the supply chain?7.What is materials management and how does it impact the supply chain?8.What is RFID's primary purpose in the supply chain?

Which of the following pairs is most similar to each other? a. barter goods and fiat money b. digital money and barter goods c. fiat money and digital money d. commodity money and digital money

Employees at a library check out books to patrons. books have an isbn and a name. the library sometimes has multiple copies of the same book. books have one or more authors. a patron is an individual who has an active (non-expired) library card. for each library card, we store the person's first and last names and their address. for each employee, we store their employee id, current salary, first and last name and their address. we also store the employee id of their current manager. each time we check out a book to a patron we need to store the date of the transaction, the employee who checked out the book to the patron, and the library card of the patron. some employees have library cards. if an employee patron turns in a book late, the fine that they pay is a percentage of their salary. some employees are authors who have library cards—they are allowed to check out as many books as they like.

Ashop owner uses a reorder point approach to restocking a certain raw material. lead time is six days. usage of the material during lead time is normally distributed with a mean of 42 pounds and a standard deviation of four pounds. when should the raw material be reordered if the acceptable risk of a stockout is 3 percent?