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15 Cards in this Set

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  • Back
supply chain
sequence of firms taht perform activities required to create and deliver goods to customers-suppliers that provide RM as well as wholesalers adn suppliers
supply chain management
integration and organization of info. and logistics activities across firms in supply chain for deliverging g and s that provide value to consumers
logistics function on supply chain(4)
1.transportation
2.warehouse and material handling
3.order processing
4.inventory management
transportation(6)
1.rail
2.tractor trailers
3.air carriers
4.water carriers
5.pipline
6.intermodal - fastest growing
warehouse functions
1.storage warehouses-RM, finished goods,agricultural
2.distribution centers-recieve product on route to different location and send it out
materials handling functions(2)
moving goods over short distance into or within warehouses. problems:
1.labor cost
2.rates of loss/damage
inventory management
make sure they have enough product to fill the demand-delicate balance
inventory costs(4)
1.capital costs-tyining up funds in inventory instead of better ways
2.inventory service costs-insurance
3.storage costs-warehouse space
4.risk costs-probbile loss and damage
inventory strategies
1.JIT(just in time)-very low inventories and fast ontime delivery
2.VMI(vendor managed inventory)-supplier determines product amount customer needs and delivers at appropriate times
reverse logistics
-reclaiming recyclable and reusable material
-repairs and customer returns
logistics
involves activities taht focus on getting the right amount of the right product to the right place at the right time and lowest cost
losistis management
practice of organizing the cost effective flow of RM, in process inventory, finished goods, and info. from orgin to customer
logistics functions 3
1.flow of product
2.cost-effective
3.customer service
3rd party logistics providers
firms taht peform most or all of the logistics taht manufacs, suppliers, and distributors would do themselves
6 ways transportaion evalutated
1.cost
2.time
3.capability
4.dependability
5.accessability
6.frequency