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Question 1:
(a) Describe the concept of supply chain management.
(b) Show the evolution of supply chain management over the past years, indicating how it has contributed to the success of many organisations.
Question 2:
(a) Show important ways of reducing inventories.
(b) Manufacturing firms usually have several Inventory-Driven Costs. Explain three of these costs.
Discuss the validity in Zimbabwe of the grounds on which the profit maximising model of the firm has been defended.
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explain to what extent SCM is applicable to a service operation such as Management at Cruise International, Inc.
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