What are the benefits of communication

1 What are the benefits of communication

between levels (/retailer/OEM/warehouse/factory)?

within levels (logistics/planner) in the supply chain?

Specifically with the factory?

(10 points each)

2 .If you could change the structure of the network(relationship of the operations to each other), assuming the rules on ordering, communication, and lead times are the same, how would you do it? Justify your answers. (40 points)

3. Suppose you were faced with a competitor who a. offered better lead times and your customers began defecting. How would you change the network rules, communications, etc., to respond given the continuing need to balance inventory and customer service? (15 points)

OR b. offered lower prices and your customers began defecting. How would you change the network rules, communications, etc., to respond given the continuing need to balance inventory and customer service? (15 points)

4 What do you think the learning objectives ( name at least six) of this exercise were and how well were they accomplished? What would you to do improve the learnings for the exercise?

Example.

The art of transferring information from one source, known as the sender, to the intended audience, known as the receiver, through a medium is referred to as communication. Communication can be accomplished through sounds, signs, written words, symbols, and behaviors. Both the sender and the receiver benefit from communication in several ways. This short exposition will address two chief advantages of correspondence. The ability to ensure clarity and direction is one of the most important advantages of communication. Communication is essential when pointing the person receiving or seeking information in the right direction. Kaplan-Liss and others 2018, contend that once the message is sent, the recipient receives clear instructions on the next step. In addition, when the sender and the receiver engage in productive communication, the message and its direction provide the two parties involved with the communication process with clear expectations and goals (Kaplan-Liss et al.,2018). As a result, it is abundantly clear that effective communication provides precise guidance on various topics.