Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
22 Cards in this Set
- Front
- Back
|
cross-docking |
the practice of unloading an inbound vehicle and reloading the product onto an outbound vehicle and reloading the product onto an outbound vehicle with little or no storage |
|
|
consolidation warehouses |
collect LTL shipments for transport in TL or CL quantities |
|
|
Private Warehouses |
Owned by the firm storing goods |
|
|
Public Warehouses |
Owned by the firm storing goods |
|
|
Cold Chains |
Temperature-controlled transportation, transfers, and warehousing |
|
|
Private Warehouses |
advantage - reduces cost, more control, better utilization, disadvantage - financial risk and loss of flexibility, bound to location, harder to get insurance |
|
|
Public Warehouses |
break bulk - shipments are broken down and items are combined into specific customer orders repackaging, assembly, quality inspections, Pro- flexibility and investment cost savings Con- lack of control |
|
|
Decentralized warehouses |
Many warehouses as # of warehouses go up, the more decentralized. responsiveness and delivery service increase warehousing operation and inventory cost increase |
|
|
Centralized warehouses |
few warehouses as it increases, safety stock and average inventory decrease lead times increases warehouse capital and operating costs decrease |
|
|
Warehouse productivity metrics |
pound or units per day employees per pound moved pounds unloaded per hour orders correctly filled productivity ratio (pounds/day)/(labor hours/day) Throughput = material moved through the system in a given time period |
|
|
Trends in warehousing |
expansion beyond traditional services Third party providers Reduce labor intensity integrate warehouse information systems into logistics information systems emphasis on "flexibility" to changing market conditions |
|
|
Third Party Logistics (3PL) |
Provide reliable & timely delivery required by SCM Used to move items into foreign locations effectively Favored by small businesses use 3PL to focus on core competencies demand for 3PL is rapidly growing |
|
|
Logistics Management Software Applications |
Transportation management systems (TMS) Warehouse management systems (WMS) Global trade management systems (GTMS) |
|
|
Transportation management systems (TMS) |
used to select the best mix of transportation |
|
|
Warehouse management systems (WMS) |
track and control the flow of goods from receiving dock to outbound shipment |
|
|
Global trade management systems (GTMS) |
provide global visibility, standardization, and documentation of product returns, while minimizing reverse logistics cost |
|
|
Global logistics |
logistic activities must be operated as an efficient system to provide a countervailing force to longer lead-time and inventory increase |
|
|
Reverse logistics |
goods FROM a customers in SC when goods are returned by a customer in the supply chain returns are increasing negative impact on environment, customer service, the firms reputation and profitability |
|
|
Sales and operations planning |
Aprocess to develop tactical plans that provide management the ability tostrategically direct its businesses to achieve competitive advantage on acontinuous basis by integrating customer-focused marketingplans for new and existing products with themanagementof the supply chain. |
|
|
Demand Planning |
Forecast future sales expectations for all planned items |
|
|
S&OP APICS 5 step process |
1. data gathering 2. Demand Planning 3. Supply planning 4. Pre-executive S & OP meeting 5. Executive S&OP meeting |
|
|
Benefits of S&OP |
Brings accountability across the organization Enables business to all drive to the same plan Continually updating the production, financial, and sales plan Enables improved service to customer Improves planning of financial investments |
