You have been asked to be a guest speaker in a high school business class. Your task is to explain the basic concepts of supply chain management to a group of students. The students will take a quiz on supply chain management based on the information in your presentation.
Develop a creative, engaging, educational handout that students can use to prepare for the quiz. Your handout should accomplish the following tasks.
- Diagram and explain the life cycle of a supply chain.
- Explain, and provide examples of, the models organizations use to manage forecasting, planning, and inventory.
- Examine, and provide examples of, the costs absorbed by organizations with respect to inventory and logistics.
- Describe how organizations use various parameters to monitor supply chain performance and provide examples.
Your handout should be written in a clear, concise, and organized manner, as well as demonstrate ethical scholarship in accurate representation and attribution of sources (i.e., APA); and display accurate spelling, grammar, and punctuation.
Write a 1–2-page handout in Word format along with a separate title page and reference page. Apply APA standards to citation of sources.