1. If Juiced Up wanted to reduce the total cost of its purchased materials, what are some initiatives they might employ across the company and its supply chain to reduce its costs? Describe three different areas of the supply chain where improvements can be made

2. While Total Landed Cost is an important part of supplier selection other factors must be considered. Identify and briefly explain three additional factors one should consider in making this sourcing decision.

3. A challenge with sourcing natural products is that they are subject to unpredictable conditions that may impact availability or crop yield. What are some things your company can do to mitigate this ongoing risk?

4.Besides unit cost of the grapes from the respective suppliers, which two cost components in this TLC model are most sensitive to your overall TLC (i.e., components that should be monitored or managed on an ongoing basis