LSCM Body of Knowledge (BOK) Matrix, Artifact, and Summary

BOK Matrix Summary for Midwest Beer and Beverage Distributors: Location Analysis
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Summary
Location is an essential factor in the success of the business, particularly the distribution of the products. The research paper summarized provides a comprehensive location analysis for Midwest Beer and Beverage Distributors: Location Analysis. This is essential in the development of the business since the company is considering a new warehouse to distribute its products. There is a need to understand the diverse aspects related to business expansion, particularly how the factors that must be taken into consideration when choosing the new warehouse facility. Some of these factors include competition, location, security, and skill base within the area. When comparing the potential areas in light of the factors mentioned above, the company can quickly identify the location to enhance its revenue or value.
Knowledge Application: Facility Location
The research paper fits in the knowledge application area of facility location. In the analysis offered throughout the paper, we can see how the information is used to determine the most appropriate business location to enhance the profits (Powers, 2018). There is a need to have comprehensive knowledge in order to make viable investments that will warrant business success (Ballou, 2014). In the research paper, we can see how data is utilized to provide insights on the best possible location for Midwest Beer and Beverage Distributors. The data used includes location distance and transportation costs, which were calculated using the Center-of-Gravity technique. The analysis recommended a location that would minimize delivery costs and ensu...