Chap 16

Front 1

supply chain

Back 1

sequence of firms taht perform activities required to create and deliver goods to customers-suppliers that provide RM as well as wholesalers adn suppliers

Front 2

supply chain management

Back 2

integration and organization of info. and logistics activities across firms in supply chain for deliverging g and s that provide value to consumers

Front 3

logistics function on supply chain(4)

Back 3

1.transportation
2.warehouse and material handling
3.order processing
4.inventory management

Front 4

transportation(6)

Back 4

1.rail
2.tractor trailers
3.air carriers
4.water carriers
5.pipline
6.intermodal - fastest growing

Front 5

warehouse functions

Back 5

1.storage warehouses-RM, finished goods,agricultural
2.distribution centers-recieve product on route to different location and send it out

Front 6

materials handling functions(2)

Back 6

moving goods over short distance into or within warehouses. problems:
1.labor cost
2.rates of loss/damage

Front 7

inventory management

Back 7

make sure they have enough product to fill the demand-delicate balance

Front 8

inventory costs(4)

Back 8

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

Front 9

inventory strategies

Back 9

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

Front 10

reverse logistics

Back 10

-reclaiming recyclable and reusable material
-repairs and customer returns

Front 11

logistics

Back 11

involves activities taht focus on getting the right amount of the right product to the right place at the right time and lowest cost

Front 12

losistis management

Back 12

practice of organizing the cost effective flow of RM, in process inventory, finished goods, and info. from orgin to customer

Front 13

logistics functions 3

Back 13

1.flow of product
2.cost-effective
3.customer service

Front 14

3rd party logistics providers

Back 14

firms taht peform most or all of the logistics taht manufacs, suppliers, and distributors would do themselves

Front 15

6 ways transportaion evalutated

Back 15

1.cost
2.time
3.capability
4.dependability
5.accessability
6.frequency