What are the differences between supply chains for service firms and supply chains for manufacturing organizations?
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What are the differences between supply chains for service firms and supply chains for manufacturing organizations?
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- What are Supply Chain Measures for the Core Processes in the Supply Chain?Answer ALL questions based on the following Case Study Stanley manages an import company, which employs over 50 people with a range of imported kitchenware. These products have a very low profit margin and, as a result, Stanley makes his profits on the volume of products sold. His customer base is comprised of large retail outlets (approximately 75% of his product sales) and the more traditional family-owned hardware stores (the remaining 25%). He does not sell directly to the public. Stanley's sales have consistently increased by an average of 15% over each of the last 4 years since 2022, including during the recent pandemic. This is mainly because he can still offer his imported products at competitive prices. However, his actual profit has not increased correspondingly. The company's information systems is manual since Stanley took the company over from his father, almost nine years ago. These legacy systems were originally developed in the early nineties and were written for his…What is an inventory model?