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Sourcing, Logistics

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1. What is the meaning of logistics?
2. How do firms go about planning and analyzing their logistics capabilities?
3. Using the logic behind the Centroid Method, list five major reasons why a new electronic components manufacturing firm should move into your city or town.
4. Why is it important for firms to focus on global procurement and sourcing?
5. What are ways firms can be more efficient through improved global procurement and sourcing?
6. How should firms go about making the decision whether or not to outsource?
7. Describe how outsourcing works. Why would a firm want to outsource?



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