Answer the following questions from the textbook in a Word document. Your answers should be about one to two paragraphs per question.

1-12. Explain what is meant by the total cost approach to logistics.

5-2. Discuss the SCOR and GSCF models of supply chain management.

5-8. Do you agree that supply chain collaboration can be classified as transactional, tactical information sharing, or strategic in nature? Why?

8-2. What makes it difficult for managers to achieve the proper balance of inventory?

8-9. What assumptions are associated with the EOQ model?

Please ensure each answer in compliance with the attached grading rubric.

Thanks.

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