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12 Cards in this Set
- Front
- Back
supply chain
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sequence of firms that perform activities requir4ed to create and deliver a good or service to soncumers or industrial users
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supply chain management
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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
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logistics
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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
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logistics management
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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
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custoemr service factors
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dependability
communication time convenience |
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total logistics cost concept
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expenses associated with tansprotation, materials handling, warehousing, inventory, stockouts, order processing, and return goods handling
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modes of transportation
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rail roads
motor carriers air carriers pipelines water carriers |
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intermodal transportation
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combining different transportation modes to get the best features of each
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warehousing handling
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storage->goods are intended to rest for a period of time
distribution centers->facilitates timely movement of goods |
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materials handling
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moving oods over short idstances into, within, and out of warehouses and manufacturing plants (higher costs and losses)
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just in time inventory concept
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inventory supply system that operates with very low inventories and requires fast on time delivery
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vendor managed inventory
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an inventory managemnt system whereby the supplier determines the product amount and assortment a customer needs and automatically delivers the appropriate items
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