Give short answers to the following questions:
1.What is the importance of location for the supply chain?
2.Outline the factors that influence location decisions.
3.What are the alternatives of selecting new facilities?
4.What are feasible set approaches? How are these used in location decisions?
Expert Answer
(1)
The efficient movement of raw materials from the supplier to the manufacturing facility and of the finished goods to distributors, retailers, and end users contributes hugely to the firm’s overall profitability. Unlike transportation or inventory decision which are also parts of the supply chain, location decisions are mostly inflexible in nature. This is the reason why location
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