Describe the two approaches to order management

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1. Explain how knowledge work systems provide value for a firm. Why do you think knowledge work systems are important today? Discuss how CAD, virtual reality, and augmented reality are used today. What has been your experience with these three tools? Are there similar technologies to CAD, VR, and AR that you see on the horizon that will benefit firms in the future?

2. Comment on the pricing philosophy, “Sometimes price should be wrong by design.” (this is for a marketing class it has to be comprehensive)

3. Explain how order management and customer service are related. Describe the two approaches to order management. How are they different? How are they related. Explain why inventory costs and inventory levels have declined relative to GDP over the last 20 years. Is this beneficial to the economy? Why or why not? What are the major components of inventory carrying cost? How would you measure capital cost for making inventory policy decisions?

Reference no: EM132196471

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