Chapter2 - Jessica Yin CIS2200H XZ24H Prof Izen Chapter 2...

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Jessica Yin CIS2200H- XZ24H Prof. Izen Chapter 2 Assignment- Short Answer Questions 1. The traditional buy-hold-sell inventory model is an expensive and potentially risky one because holding on to excess inventory that’s not needed costs money. This is because whoever owns the inventory has to pay for its warehousing and storage while waiting for somebody to buy it. The buy-hold-sell inventory model is also a potentially risky one because in some markets, the inventory may become obsolete, and companies must slash their prices to make room for newer inventory. This causes retailers to lose money. 2. A supply chain management system is an IT system that supports supply chain management activities by automating the tracking of inventory and information among business processes and across companies. This is a support system for a distribution chain within a company that takes the product to a consumer. It is also a support system for the supply chain management that tracks inventory and information among business processes and across other companies. 3. SCM fits into Porter’s three generic strategies because it is one of the main components needed to fulfill any of Porter’s three approaches to beating the competition in any industry. In
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