Tra #3

1-Choose one of the following prompts and respond to it (pretend that you are providing this information to someone who knows nothing about importing). (Do not simply copy information from your text or another source.  Use your own words to answer the prompts.)

a)Explain in detail the role and responsibilities of the two main U.S. government agencies involved in the import process and explain in detail the country of origin marking requirement.

b)List and fully explain the steps in the Customs clearance process and explain what duty drawback is.

2- Choose one of the following prompts and respond to it (pretend that you are providing this information to someone who knows nothing about warehouse operations). (Do not simply copy information from your text or another source.  Use your own words to answer the prompts.)

a)List the primary factors that should be considered when choosing a site for a warehouse/distribution facility and explain why each factor is important.

b)Explain what cross-docking is and explain what ISPM#15 is and state why it is important.

3) Choose one of the following prompts and respond to both parts of it (pretend that you are providing this information to someone who knows nothing about the inventory management). (Do not simply copy information from your text or another source.  Use your own words to answer the prompts.)

a)Inventory Valuation and Materials Requirement Planning:

List the methods of inventory evaluation and explain each.
Explain the concept of Material Requirements Planning (MRP).

b)ABC Analysis and EOQ:
Explain what ABC Analysis is and why it is used.
Explain what EOQ is.

c) Reducing Inventory cost and JIT:
Name at least five ways of reducing inventory cost and state why you think these are effective.

What is the Just-In-Time approach?  Give an example of when you feel it would be useful and when you think it would not be useful.

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