Logt 3384

Front 1

Challenges for supply chain in the global economy

Back 1

volatility of supply and demand (disaster. security functions)//shorter product life cycles//traditional organization boundaries

Front 2

Which of the below is not an external forces driving the rate of change in shaping our eco and political landscape

Back 2

environmental concerns pg 7  us circuit boards make regulations more expensive
5 external forces that drive a rate of change: globalization//technology// organizational consolidation//empowered consumer//government regulation.

Front 3

The last decade of the 20th century, there was rapid change for businesses (T or F)

Back 3

true

Front 4

The key element in the ability to discount brand name products was to understand for wal-mart (and its logistics to discover price)

Back 4

true

Front 5

Globalization had little effect on consumers (T or F)

Back 5

false

Front 6

Do supply and demand for managers match demand and supply?

Back 6

yes

Front 7

Supply and demand have become less volatile? T or F

Back 7

FALSE page 7

Front 8

Outsourcing is a fairly new concept T or F

Back 8

false

Front 9

SC managers no longer need to worry about sub optimization (T or F)

Back 9

False pg 23

Front 10

Most retailers are essentially SC companies since they buy product from factory and retail it (T or F)

Back 10

true

Front 11

Supply chain does not worry about technology? (T or F)

Back 11

False Pg 23

Front 12

Transportation is the flow of goods. (T or F)

Back 12

True

Front 13

name some Utilities

Back 13

form/place/time/quantity/possession

Front 14

name some Logistics activities

Back 14

transportation//inventory control//materials handling//facility location//deman forecasting//order fullfillment

Front 15

During the 1990s and 2000s logistics costs as a % of GDP declined (T or F)

Back 15

True pg 44

Front 16

In a logistics system, warehouses should be optimized (T or F)

Back 16

True p 69

Front 17

To hold down distribution costs, lowest cost carrier should always be used (T or F)

Back 17

FALSE

Front 18

Know what the 7 Rs are

Back 18

 right place -right time -right quantity -right quality -right price -right condition -right customer

Front 19

The US trans system was deregulated in response to eco conditions and WWII

Back 19

False pg 12 (it was because there was a reduction in relative logistics costs)

Front 20

Globalization is NOT an external factor. (T or F)

Back 20

False

Front 21

characteristics of individuals bring customization.

Back 21

Pg. 84 (big companies collaborated with individuals and small organizations to join their supply chains).

Front 22

From customer service, name 2 out of the 4 (global markets) pg. 90

Back 22

4 advantages for global markets are : standardize to reduce complexity and customazation within reason// reduce product life cycle//organization structures and business models will be outsourcing/// introduces volatility ie. Terrorism, weather.

Front 23

supply chains should have 3 flows name them

Back 23

product/information/financial (cash).

Front 24

C-TPAT is this a mandatory program?

Back 24

No it’s voluntary BUT since 9/11, customs trade against terrorism.

Front 25

NAFTA removed all trade barriers from the U.S., Canada, and Mexico (T or F)

Back 25

false

Front 26

focus production is?

Back 26

Gives a plant to produce one or two items of the company’s total product line. Typically located in different countries

Front 27

Services for ocean transport

Back 27

liner service, routes and schedule premade//charter vessels, contracted but able to make its own schedule// private carriers they have their own manipulation of supply

Front 28

Shipping conferences

Back 28

set a rate, lots of competition, common trade routes.

Front 29

pg. 118-120. Name 3 of the different types of 3pl providers

Back 29

(transport/financial/handling)

Front 30

4PL is what?

Back 30

they manage and direct the activities of multiple 3PLs.

Front 31

Globalization isn’t considered to be a change in logistics (T or F)

Back 31

false

Front 32

Third era of globalization began in 2000 (T or F)

Back 32

true pg 84

Front 33

An importer can store goods in a bonded warehouse up to 3 years w/ out paying duty on that import

Back 33

pg 102

Front 34

Collaboration is defined as business practice that encourages sharing to increase benefit for all (T or F)

Back 34

true

Front 35

A 3PL firm owns trucks and warehouses to offer integrated service- (T or F)

Back 35

true p 119

Front 36

Many 3pls are moving technology area to distinguish themselves from competitors

Back 36

p 126

Front 37

There are at least 6 types logistics firms p118

Back 37

transportation//warehouse/distribution/forwarder/ financial/information

Front 38

A metric and measurement are the same thing (T or F)

Back 38

false

Front 39

A metric requires a ratio. (T or F)

Back 39

True

Front 40

A metric can deride bad behavior (T or F)

Back 40

TRUE

Front 41

Scorecard and KPI same thing (T or F)

Back 41

true

Front 42

The focus on measurements metric was not used in the recession? (T or F)

Back 42

False , they did in the 50’s

Front 43

A logistics management approach was supported by concept of least cost (T or F)

Back 43

false [it’s by total cost]

Front 44

A metric requires competitive analysis or definition

Back 44

involves a calculation or is a combination of measurements and like a ratio.

Front 45

Investment requires who?

Back 45

People/information/improve profit margin

Front 46

Pull versus push

Back 46

forcing people to buy a brand

Front 47

Pareto’s law

Back 47

80-20 rule trivial many form the vital few.

Front 48

Abc analysis classifies inventory

Back 48

‘A’ is most important, B less important. And C even less. (rank and calculate actual to total percentage revenue by each item.

Front 49

Quadrant model

Back 49

classifies raw materials on a risk level...ie. low risk high value

Front 50

Generic on the quadreant model

Back 50

low risk low value

Front 51

criticals on the quadrant model.

Back 51

High risk, high value (special piece of hardware critical to the company)

Front 52

Commodities on the quadrant model

Back 52

low risk; High value (bolts, packaging, transp. materials)

Front 53

distinctives in the quadrant model

Back 53

high risk; low value (a stocked out item for an old car, or piping piece no longer made)

Front 54

promotion =

Back 54

effort to increase desire to possess a good/service

Front 55

name an inventory control issue

Back 55

accuracy

Front 56

logt. costs are governed by

Back 56

GDP

Front 57

ultimate manufacturing decisions are made by

Back 57

long vs. short production

Front 58

Order cycle pg 53

Back 58

time cust places the order to the time he receives it. shorter order cycle = less inventory = more savings

Front 59

Strategic sourcing process, 5 core principles, pg. 565-566

Back 59

asses the total value,
//develop individual sourcing strategies,
///evaluate internal requirements

Front 60

7 key steps in sourcing methodology(565)

Back 60

project planning, have data(erp)profile spend, asses supply market,develop sourcing strategies, execution sourcing, transition to integrate, measure and improve performance (continuous improvement)

Front 61

6 sigma (pg571)

Back 61

based on a percentage of 99.999999% accuracy ...control/define/analyze/improve it/data. ....green belts are MBA's; black belts are associates

Front 62

whats a Dimeic

Back 62

how to approach a control process

Front 63

1st largest expense is wages and salary

Back 63

2nd largest expense is Transportation

Front 64

Incoterms 2000 are NOT legally binding created by the (ICC), used as terms for international trade (T or F)

Back 64

true

Front 65

Know the 6 Paradigms:

Back 65

Determine the WMS system, Look at production facilities, Evaluate delivery date of success, Acces your overhead and fixed LOGT cost, Examine IT costs / capabilities, Evaluate company customs compliance

Front 66

Service quality management is based on

Back 66

performance

Front 67

what is LEAN

Back 67

designed to eliminate waste procesess ...expenditure of resources for any goal other than the creation of value for the end customer to be wasteful

Front 68

What is T.I.E.L

Back 68

talent, integrity, enthusiasm, loyalty

Front 69

SCM managers focus on?

Back 69

value creation, speed, and growth

Front 70

what is AGILE:

Back 70

speed and agility a company can respond to a customer. look into "LeanGile"

Front 71

there is now emphasis on value other then purchasing (T or F)

Back 71

true

Front 72

many look at the total cost of ownership (T or F)

Back 72

true

Front 73

assess the supply market: what is single and sole sourcing

Back 73

a Sole source is the monopoly provider the Only source for the product.

Front 74

What are some global supply chain risks.

Back 74

Theft, Weather, Terrorism, Strikes.

Front 75

TradeAct 2002

Back 75

requires exporters to summit shipments 24hr before vessel departure

Front 76

Categories of “freight Forwarding”

Back 76

o Supplies expertise to international shippers
o Consolidate small shipments into more economical sizes
o Derives income from fees for service
1. Airfreight Forwarder
2. Foreign freight Forwarder

Front 77

35. Name the differences of Horizontal, Vertical, Transaction and ‘arms length’ relationships:

Back 77

Vertical relationship: day to day basis services, buyer / seller relationship
Horrizontal relationship: 'parrallel' co-perating positions. Examp. Fex-ex works with U-store it, to satisfy a small business.
At-arms-length = strictly transactional, like using a vending machine, its a Vendor type relationship
Strategic alliance relationship's = collaboration for Long-term goal oriented, usually costly with resources
Partnership = collaborative/strategic type of alliance
Joint Ventures = not discussed.

Front 78

6 steps in forming a relationship

Back 78

1. Assessment, 2. decision to form relationship, 3. alternatives, 4. select partners, 5. operating model, 6. implement and cont. improvment.

Front 79

39. Name some Facilitators

Back 79

company size, business model, financial strength

Front 80

41. What makes a good metric?

Back 80

Quantitative, visible, easy to understand, facilitates trust, encourages appropriate behavior, has both outputs/inputs, benefits of the effort of using/keeping the metric outweigh the cost.

Front 81

Name some Common Metrics:

Back 81

on-time delivery, quality of goods/service, price competitiveness, honors contract, response, lead-time, tech. capability, safety, order cycle time, ROA.

Front 82

43. Five major categories of metrics:

Back 82

reliability,¨responsiveness,¨flexibility,¨cost, ¨assets

Front 83

Most outsourced service:

Back 83

1. Transportation, 2. Wareshousing..LLP/4PL and...lastly cust. service

Front 84

Why are there so many intermediates?

Back 84

incoterms; international trade terms
extensive documentation, international laws differ

Front 85

Charter ships

Back 85

don’t follow a schedule, Liner ships do.

Front 86

Collaboration is defined as business practice that encourages sharing to increase benefit of all (T or F)

Back 86

True