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38 Cards in this Set
- Front
- Back
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Ch 1 - pg 6 Most companies are essentially supply chain companies since... |
...they buy products produced by others.
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Ch 1 - pg 7 The external forces driving the rate of change and shaping our economic and political landscape. |
2. Technology 3. Organizational Consolidation & Power Shifts 4. The Empowered Consumer 5. Government Policy & Regulation |
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Ch 1 - pg 9 Define Outsourcing |
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Ch 1 - pg 10 Some individuals describe the current consumer as the "click here" generation because... |
...we no longer wait for information to be pushed out to us. |
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The demographics of our society have changed because of... |
...the increase in two-career families and single-parent households. |
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Ch 1 - pg 15 Know the Supply Chain Concepts |
2. Logistics/Integrated Logistics Management 3. Systems/Total Cost 4. Value Chain |
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Ch 1 - pg 16 Logistics in its simplest form... |
...combines inbound logistics with the outbound logistics of physical distribution. |
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Ch 1 - pg 18 One of the major challenges of supply chain management is... |
...maintaining the visibility of inventory.
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Ch 1 - pg 18 Illustration - Figure 1-4 Know which one of these flows one way. |
None of these flow one way. |
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Ch 1 - pg 23 One of the four supply chain flows in Figure 1-8 that has received increased attention from supply chain managers due to growth and technology is... |
... demand flow. |
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Ch 2 - pg 37 The Seven R's... |
2. Customer 3. Quantity 4. Condition 5. Place 6. Time 7. Cost |
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Ch 2 - pg 38-39 Know the general definition of logistics. |
Table 2.1 in the text book, page 37-39 |
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Ch 2 - pg 38 Know the 4 subdivisions of logistics, which have some common characteristics. |
2. Military logistics 3. Event logistics 4. Service logistics |
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Ch 2 - pg 39 Definition of Form Utility. |
The value added to goods through a manufacturing or assembly process. (When raw materials or components are combined in some predetermined manner to make a finished product.) |
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Ch 2 - pg 40 The utility that is created by moving goods from production point to market points where demand exists is referred to as... |
...place utility.
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What is quantity utility? |
Delivering the proper quantities of an item to where it is demanded. |
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Ch 2 - pg 40 Time utility depends on... |
...having the product available when the users want it.
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Ch 2 - pg 42 What is the largest component of logistics costs? |
Transportation
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Ch 2 - pg 43 Materials handling is concerned with... |
...short distance movement. |
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Ch 3 - pg 77 Globalization was initially driven by countries... |
...seeking materials and goods not available in their own land. |
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Ch 3 - pg 78 Third Era of Globalization |
1 Began around 2000 2 Powered by individuals & smaller organizations in contrast to the large companies of the 2nd era 3 Critical ingredients - Technological advances Information technology Communications |
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Ch 3 - pg 79 The supply chain should... |
...manage materials and products, information, financials and demand. |
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In his book "The Wealth of Nations", Adam Smith stated economics and companies could improve their wealth by... |
...allowing specialization of tasks. |
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A demand-driven system, is also known as... |
...a pull system. |
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Maquiladora Plant |
Limited tariff duties... virtually no net payment of customs duties or import charges. |
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Focused Production |
A given plant produces one or two items of the company's total product line. Typically located in different countries, requiring a global logistics system to tie the focused plant to the customer, who may be located within the producing country or a different country.
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Ch 3 - pg 93 The major nodes of international transportation are... |
...air and water. |
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Ch 3 - pg 94 Know the major category of ocean shipping. |
Liner Service Charter Vessels Private Carriers |
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Ch 3 - pg 94 Which category of ocean shipping offers set schedules over specified sea routes. |
Liner Carriers |
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Many organizations are working more closely with... |
...customers, suppliers, and various types of logistics suppliers. |
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Ch 4 - pg 115 Whether the relationship may or may not be a provider of logistics services, today's supply chain relationships are most effective when collaboration occurs among the ________________ who are involved. |
participants |
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Vertical Collaboration |
Collaboration between buyers and sellers in the supply chain. |
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Ch 4 - pg 117 Horizontal Collaboration |
Business arrangements between firms that have parallel or cooperating positions in the supply chain process. |
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Ch 4 - pg 117 Full Collaboration |
The dynamic combination of both vertical and horizontal collaboration. Only with full collaboration do dramatic efficiency gains begin to occur. It is intended that benefits accrue to all members of the collaboration. The development of agreed-upon methods for sharing gains and losses is essential to the success of the collaboration. |
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Ch 4 - p 119 Third Party Logistics firm |
Transportation, warehousing, distribution, financial services, etc. |
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Ch 4 - pg 124 The least frequently used IT-based services by customers of 3PL's are... |
...strategic and customer related. |
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While available evidence supports the fact that the president or CEO and the finance executive are often involved with the identification of the need for logistics services,... |
...executives from other areas are also aware of such needs but to a lesser degree. |
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Ch 4 - pg 127 Approximately 2/3 of 3PL customers think their providers supply... |
...tactical or operational services. |
