Question

Logistics management and strategy 4th edition

MGT322

Chapter 3

Q1. What do you mean by value?

Q2. Where des value come from?

Q3. How can logistics costs be represented?

Q4. Explain ABC (Activity Based Costing)

Q5. How can shareholder value be defined? What is economic value added?

Q6. Explain the return on capital employed

Q7. State the key drivers of ROI

Q8. What are the various ways of cutting up the total cost and what are the relative merits of each?

Q9. Explain the three ways of cut the ‘total cost cube’

Q10. Explain SCOR model

Q11. Explain the five distinct management processes

Q12. Define cost to serve

Q13.who are the key stakeholders in a business and what needs to be achieved in order to satisfy them

Q14.explain supply chain financial model

Q15. What are the CTP utilizes output from 2 sources?

Q16. How can costs be allocated to processes to that better decisions can be made?

Answer 1

*****Dear Student, you are violating the Chegg Guidelines, by posting multiple questions in a single post. Please make a note that Revised Chegg Guidelines seriously restrict us in answering only one question! However, I've answered first 3 questions so that you would rate this answer positively. DO NOT VIOLATE Chegg guidelines as they may have a huge impact on your account in the future. So please understand and rate this answer with thumbs up kindly. It is a gesture that shows you support me. Thank you******

Q1. What do you mean by value?

Value has to do with how much something is worth, either in terms of cash or importance. As a verb, it means "holding something in high regard," (like "I value our friendship") but it can also mean "determine how much something is worth," like a prize valued at $200.

Q2. Where des value come from?

A value is an enduring belief that a particular end or mean is more socially or individually preferable than another end or mean. Notice a key word in the definition of a value: belief. All of your values come from underlying beliefs. To understand where your values come from, begin with your beliefs.

Q3. How can logistics costs be represented?

Fixed and variable costs are one of the common ways of representing costs. The total cost is constant but the way costs are analysed are different. Analysing in different ways helps to gain more information about the cost basis of the business in order to manage the business more efficiently. Fixed costs usually stay the same as the volume of activity varies whereas variable costs do change as the volume of activity changes. Fixed costs include warehouse rentals, which are charged on a time basis. When the activity increases, perhaps adding more warehouses, stepped fixed costs are usually applied and the same relationship would still apply if the warehouses were closed and the volumes were reduced.

*****Please please please LIKE THIS ANSWER, so that I can get a small benefit, Please*****