How do these cost trade-offs apply in service management

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Reference no: EM132154170

1. With reference to the “total cost concept” in Supply Chain Management, describe three examples of cost trade-offs that are typical for logistics activities. How do these cost trade-offs apply in Service Management?

2. With the aid of a diagram illustrate the development of the inventory levels over time if the stock is controlled according to an (s, S) order policy (also referred to as min- max policy). How is this applied in Service Management?

3. Explain four reasons why lead-time reduction in supply chains is important.

Are these reasons similar important in Service Chains? Why?

Reference no: EM132154170

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