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Can you help me understand this Management question?Chapter 7 Q#1: What is ‘own-account’ transportation? Q#2: Describe the different type of logistics service providers? Q#4: What is Fourth Party Logistics (4PL) and how has the concept evolved in recent years? Q#6: How might we distinguish 3PL’s from other LSP’s? Chapter 8 Q#3: Which environmental factors should be considered when trying to identify the total cost of procuring goods in low-cost countries? Q#8: What actions could Mattel take to minimize product recalls in the future? Q#10: How could Technology and social networking affect procurement activities? Chapter 9 Q#1: Explain how a reduction in lead time can help a supply chain reduce its inventory buffer without customer service. Q#4: Why should a customer be concerned about transit inventory cost if they pay for the inventory only when the merchandise arrives at their premises? Requirements: Answer completely and give examples.

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