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12 Cards in this Set

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supply chain
sequence of firms that perform activities requir4ed to create and deliver a good or service to soncumers or industrial users
supply chain management
the integration and organization of information and logistics activities across firms in a supply chain for the purpose of creating and delievering goods and services that provide value to consumers
logistics
the activities that focus on getting the right amount of the right products to the right place at the right time at the lowest possible cost
logistics management
the procatice of organizing the cost effective flow on raw materials, in process inventory, finished goods, and related information from point of origin to point of consumption to satisfy customer requirements
custoemr service factors
dependability
communication
time
convenience
total logistics cost concept
expenses associated with tansprotation, materials handling, warehousing, inventory, stockouts, order processing, and return goods handling
modes of transportation
rail roads
motor carriers
air carriers
pipelines
water carriers
intermodal transportation
combining different transportation modes to get the best features of each
warehousing handling
storage->goods are intended to rest for a period of time
distribution centers->facilitates timely movement of goods
materials handling
moving oods over short idstances into, within, and out of warehouses and manufacturing plants (higher costs and losses)
just in time inventory concept
inventory supply system that operates with very low inventories and requires fast on time delivery
vendor managed inventory
an inventory managemnt system whereby the supplier determines the product amount and assortment a customer needs and automatically delivers the appropriate items