Companies are concerned with multiple risk factors on a daily basis. Why are they blindsided by events beyond their control?
Why would you want your online students to count the number of items of cereal in a small container, a cup, of Froot Loops™? I get asked that question when I suggest that you have your students go to the grocery store and purhase a 1.5 oz container or Froot Loops™. The cost is about $1.25, or if the student has childen you can usually get four for $5.00. This exercise is good for courses in logistics, supply chain management, retail management, hospitality, packaging, marketing, manufacturing and materials management.
By Dr. William Oliver Hedgepeth
Program Director, Government Contracts and Acquisition at American Public University
Who in your organization tracks goods? Who in your organization traces the path of the goods? Tracking and tracing goods is not the same thing. These two terms help define complex functions in reverse logistics, logistics, transportation, and supply chain management processes.