TRL3707 Study guides, Class notes & Summaries

TRL3707 Assignment 6 (COMPLETE ANSWERS) Semester 2 2023 - DUE 11 NOVEMBER 2023

The Covid-19 pandemic brought significant disruptions to supply chains worldwide, leading to a renewed focus on the importance of inventory management, customer service strategies, and forecasting in grocery retail shops. The case study of Bidvest International Logistics (BIL) demonstrates how technology and digitization can enhance supply chain efficiency and transparency, providing valuable insights for grocery retailers. This assignment explores the role of inventory management in p...

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DUE DATE 11 SEPTEMBER 2023 1.1 Compare and contrast the transportation principles of economy of scale and economy of distance. Illustrate how they are applied in efficiently transporting drinks manufactured by Coca-Cola. (2½ theory, 2½ application) Economy of Scale: As elucidated by Bowersox et al. (2020Economy of scale seeks to fully utilize fixed assets to achieve the lowest, total landed cost.

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The article delves into the transformative impact of digital supply chain management on modern businesses, with a focus on Coca-Cola's utilization of innovative technologies such as RFID, GPS, and IoT to enhance its supply chain operations. It highlights how digitalization enables organizations to transition from traditional, paper-based processes to flexible, collaborative, and efficient digital models. The article underscores the benefits of extensive information availability and improved col...