For an output of 100 barrels of crude oil, produce profit statements indicating revenues, total costs including transferred in costs and profits for each division using: iii) negotiated prices (from production to transport at $10 a barrel and from transport to refining at $16.75 a barrel)   b. Advise the Directors of the advantages and disadvantages of the following transfer pricing practices: i) marketpricetransfers ii) costplustransfers iii) negotiatedpricetransfers

In your own words, describe EDI and how it works in a logistics environment.

The SCM term "reverse logistics" implies a.The heavy use of RFID b.Customers must be extremely happy c.The movement of materials from the back end of a supply chain to the front end d.Suppliers must be doing an excellent job e. the process of transporting returned materials

b) Impact of the Fourth Industrial Revolution on Supply Chain Lea Manufacturing industry Additional Revenues 22.6% 20.1% Cost Reduction 17.6% Cost Reduction + additional revenues 17.6% Logistics Service Additional Revenues 33.6% 14.5% Cost Reduction 34.2% Cost Reduction + additional revenues 17.8% 每 Retail Additional Revenues 33.3% 25.5% Cost Reduction 7.8% Cost Reduction + additional revenues 33.3% Source: http://www3.weforum.org/docs/WEF The above diagram shows the expected impact of digital transformation on the cost situation in companies practising Industrial Revolution 4.0 (IR 4.0) principles. a) Discuss two (2) factors that could benefit the logistics industry when embracing the digital transformation initiative. Elaborate two (2) activities in logistics operations that require changes to fulfil the digital transformation to IR 4.0.