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1. Explain EOQ, ROP, and economies of scale; how does a company use these in order to manage their inventory. 2. Explain ABC analysis and

1. Explain EOQ, ROP, and economies of scale; how does a company use these in order to manage their inventory. 2. Explain ABC analysis and give at least one example for each category 3. Explain why the company Nordstrom failed in Canada. Focus on the reasons we explained in-class 4. What is JIT ? Why is important for inventory control and supply chain. 5. What is Reverse Logistics? What is involved in the processes of reverse logistics? 6. List the modes of Transportation and briefly the advantages of each mode. 7. List the different types of vessels for marine transportation and briefly explain each one. 8. What are the risks manufacturing outsourcing? What are the costs a company first needs to consider in order to make a decision to outsource

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