Based on material from chapters 4 & 5 (Reverse Logistics and Closed Loop Supply Chain Processes), answer questions 1 – 4 below. Keep LO-4 to LO-8 in mind when considering your response. Lengthy posts and answers do not correlate to better grades.

LO-4 Explain the concepts, strategic issues, and different decision-making situations for each of them.

LO-5 Explain best practices of a reverse logistics operation.

LO-6 Demonstrate knowledge of several techniques that used in the strategic planning models

LO-8 Demonstrate knowledge the critical thinking used to (fuzzy logic, QFD, and method of total preferences) select world markets with the most market potential.

– Readings: SPMR – CH 4 & 5 (Used Products), GB – CH 3 (Secondary MKT), MRL – CH 7 (Product Returns, Inventory)

– Supplemental readings, Reverse Logistics (An Important Dimension of Supply, Reverse Logistics (An Important Dimension of Supply), & ce_salvage_inventory_flow.

1) Explain how model formulation software and information systems can assist with:

– Reprocessing

– Reprocessing Cost

– Disposal Cost

– Resale & Profit

2) Formulate in a couple of paragraphs how you would draft a return policy

3) Discuss the correlation between returned product types and the seven channels of product disposition?

4) When analyzing the Methods A-D, and the information or miss-information on forecasting, performance and performance with respect to inventory costs as proposed by Kelle and Silver (1989). Which is the best method to deal with mis-information?

Instructions: Your initial post should be at least 250 words.