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Supply Chain Management (7 marks) Part 1. Describe vendor managed inventory (VMI). How is it related to outsourcing? Cite an example from your experiences as

Supply Chain Management (7 marks)

Part 1. Describe vendor managed inventory (VMI). How is it related to outsourcing? Cite an example from your experiences as a shopper. [3]

Part 2. What opportunities exist for reducing the "bullwhip" effect, and improving the supply chain? Specify at least 4 opportunities. [2]

Part 3. Identify four supply-chain strategies discussed in the course and briefly describe each strategy. [2]c) How many passengers are waiting in the queue on average? (1 mark)

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