Mk 15: Supply Chain Management

Front 1

Supply Chain Management

Back 1

Set of techniques used to efficiently and effectively integrate their suppliers, manufacturers, 3PLs in to one seamless operation

Front 2

Wholesalers

Back 2

Firms that buy products from manufacturers and resell them to retailers

Front 3

Marketing Channel

Back 3

Set of institutions that transfer the ownership of and move goods from the point of production to the point of consumption

Front 4

Distribution Center

Back 4

Facility to receipt, storage, and redistribution of goods to company stores or customers

Front 5

Universal Product Code (UPC)

Back 5

Black and white bar code

Front 6

Advanced Shipping Notice (ASN)

Back 6

Electronic document that the supplier sends the retailer in advance of a shipment to tell the retailer exactly what to expect in the shipment

Front 7

Electronic Data Interchange (EDI)

Back 7

Computer to Computer exchange of business documents from a retailer to a vendor and back.

Front 8

Consignment

Back 8

Manufacturer owns the merchandise until it is sold by the retailer

Front 9

Pull Supply Chain

Back 9

A supply chain in which orders for merchandise are based on sale data captured by Point of Sales terminals

Front 10

Push Supply Chain

Back 10

Merchandise is allocated to stores based on forecasted demand

Front 11

Dispatcher

Back 11

Person who coordinated deliveries to DCs

Front 12

Cross Docking

Back 12

Practice in logistics of unloading materials and loading these materials directly into outbound trucks, trailers, or rail cars, with little or no storage in between

Front 13

Pick Ticket

Back 13

Document or display on a screen in a forklift indicating how much of each item to get from specific storage area

Front 14

Channel Conflict

Back 14

When supply chain members are not in agreement about their goals, roles, and rewards

Front 15

Independent Supply Chain

Back 15

Each independent supplier attempt to satisfy their own objective and max their own profits, at the expense of the other players

Front 16

Vertical Marketing System

Back 16

Supply chain in which the members act as a unified system

Front 17

Administered Vertical Marketing Systems

Back 17

No common ownership and no contractual obligations, but the dominant channel member controls the channel relationship

Front 18

Contractual Vertical Marketing Systems

Back 18

Independent firms at different levels join together through contracts to obtain economies of scale to reduce conflict

Front 19

Strategic Relationship

Back 19

Supply chain members are committed to maintaining the relationship over a long term in order to for mutually beneficial opportunities

Front 20

What makes relationships successful?

Back 20

1) Mutual Trust
2) Open Communication
3) Common Goals
4) Credible Commitments