Global Supply Chain Management Q1. Distinguish between Logistics and Purchasing in supply chain management. Q2. Define each of the following purchasing strategies: (i) Outsource (ii) Insource (iii) Offshore (iv) Offshore outsourcing (v) Nearshoring (JIT Inventory) (vi) Co-source Q3. For each following business, indicate which purchasing strategy from part Q2 best suits the business model and why? (i) A hoverboard manufacturing company like JOLEGE (ii) A top accounting firm like KPMG (iii) A jeans manufacturing company like Lexis. (iv) A medical equipment supply company like Mckesson (v) A car manufacturing company like Tesla (vi) An investment bank like J.P. Morgan Chase (vii) A smart doorbell manufacturing company like Ring Global Marketing Q4. You are the marketing manager of a food production company that is considering entering the Indian market. The retail system in India tends to very fragmented. Also, retailers and wholesalers tend to have long-term ties with Indian food companies; these ties make access to distribution channels difficult. What distribution strategy would you advise the company to pursue? Why? [Your answer to this question should be 1/2 page minimum, 12-font double-space