Logistics and Customer Value

One calculation that connects to an organization’s perspective on customer value is the metric of lifetime value. This discussion focuses on lifetime value to help you gain a deeper understanding of this important metric.
Please answer the following:

1. How is the metric of lifetime value calculated? (Type in and then explain the basic formula)
2. Apply the formula to a real world scenario you research or create. List any assumptions you make to move your calculation forward if any assumptions were needed to make it viable.
3. Now that you have covered the basic formula, and applied it to a real world scenario, reflect upon the nuances of what this formula considers. Do you consider this metric, or this formula, ethical? Support your answer with research as you approach the ethics of this measurement.
   DB5
   Discussion Topic: Logistics Performance
   One of the main areas where performance is measured in logistics is the area of property, plant, and equipment (PP&E). This discussion has you research PP&E to help you grow in a greater understanding of this important logistics area.
   Please answer the following:
4. Describe the logistics area of PP&E.
5. If you were a business owner, how would you evaluate logistics performance in the area of PP&E?
6. If you found the performance was lacking in PP&E, what would be your “get well plan” or steps for remediation?

DB6

Discussion Topic: Logistics Performance
One important theory, related to business, is the theory of constraints. This Discussion has you research this important theory and then apply it to the profession of logistics.
Please answer the following:

1. Describe the theory of constraints. Who developed it? When was it developed? Why is it important?
2. How does the theory of constraints compare to course concept of total cost analysis?
3. How does the theory of constraints compare to the course concept of optimization?

Bonus
Journal 1
During this course you will complete a learning journal each week, based on your reflections on your planning and performance for the SAP software simulation connected to our course.
Begin your post with the label: Unit 1: Introduction
Reflect on the following topics related to Unit 1: Introduction:

1. Goals: What are your initial goals?
2. Insights: What are your initial insights?
3. Concerns: What are your initial concerns?
   In a Word document, compose three paragraphs describing the topics: one paragraph per selected topic, based on your simulation activities, course materials, and additional research you conduct online. Then, submit to the appropriate Journal Dropbox.