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36 Cards in this Set
- Front
- Back
The pursuit of sustainability in the delivery of value calls attention to the inputs and outputs associated with every level of the supply cycle. |
Improved Efficiency and Profitability |
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Firms that understand their liabilities are better positioned to limit their exposure to risk. |
Better Management of Risk |
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Refers to variations in possible outcomes and their likelihoods. Assessment of liabilities includes analysis of supply cycle disturbances and their negative consequences. |
Risk |
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Refers to conditions under which a firm invests in specific technologies that have limited use outside of their intended purpose. |
Asset considerations |
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Refers to the overall level of risk encountered in the social, economic, and natural environments. |
Macroenvironmental Issues |
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Firms that invest in sustainable practices in the supply chain develop positive brand reputations that pay dividends in multiple relationships |
Enhanced Brand Reputation |
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Organizations that focus on the triple bottom line have the ability to anticipate and monitor risk associated with economic, social, and environmental returns. |
Stakeholder Returns Increased |
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Refers to the process of planning, allocating, and controlling human and financial resources dedicated to physical distribution, manufacturing support, and purchasing operations. |
Logistics |
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It trace products back from the point of consumption have increasingly been addressed in supply chains. |
Reverse Logistics |
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The costs associated with product transportation are extensive, and since most forms of transportation rely heavily on fossil fuels, this facet of logistics is highly germane to sustainability concerns. |
Fleet Optimization |
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Beyond the costs of transportation, firms can also achieve higher levels of efficiency by controlling the energy utilization at distribution and production centers. |
Energy Efficiency |
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It provide enormous opportunity to manage the logistics function. |
Innovative Technology |
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RFID means |
Radio Frequency Identification |
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GPS means |
Global Positioning System |
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It has improved the company's efficiency and price competitiveness while simultaneously offering improved information handling and customer service. |
Routing and Tracking Computer System |
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It is a second innovative technology that provides a source of competitive advantage. |
Inventory Management Software |
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MEI means |
Multi-Echelon Inventory |
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It designed to accommodate increasingly global supply chains, contract manufacturing, dynamic product life cycles, and multichannel distribution systems |
MEI Software |
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It is an innovative technology that has significant applications in logistics and retailing. |
Radio Frequency Identification (RFID) |
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It represent another technology that has the potential to transform logistics. |
Global Positioning System (GPS) |
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As the underlying means for ensuring that products are delivered in usable formats and represents an important element of logistics. |
Packaging |
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Due to the volatility and rate of change in logistics, firms are increasingly recognizing the opportunities and insight acquired through relationships established with other participants in the supply cycle. |
Interorganizational Relationships |
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Third-party suppliers have the expertise to consolidate shipping routes and reduce inventory levels. |
Enhance Vehicle Performance |
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Cost is a sensitive issue in the supply cycle because consideration of cost immediately requires evaluation of the value added by the third-party supplier. |
Reduce Total Supply Cycle Costs |
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Due to experience with a variety of users and applications, third-party logistics agents can optimize distribution networks and consolidate routes. |
Enhanced Customer Service |
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It is a set of regulations established to achieve environmental goals. |
Environmental Management Systems (EMS) |
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When one has an understanding of the benefits derived from each function, then one can work toward developing environmentally friendly supply channels that offer heightened benefits throughout the value chain. |
Triple Bottom Line |
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a set of organizations involved in the process of making a product available for consumption. |
Channel |
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a set of organizations linked directly to the flow of products and information from a source to the consumer. |
Supply Chain |
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the set of primary and support activities performed by the firm to serve as sources of competitive advantage. |
Value Chain |
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set of entities associated with yielding environmental, social, and economic value from resource procurement through resource processing, consumption, and post consumption. |
Supply Cycles |
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presumes that each level of the supply cycle engages in some sort of processing. |
Input Output Process |
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are the focal outcomes of processing. |
Products |
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refer to all other results of processing. |
by-product |
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Outlines the guidelines associated with the firms approach to sustainability, and it provides a strategic approach to the organizations environmental policy. |
ISO 14001 : 2004 |
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Provides guidance on the establishment, implementation, maintenance and improvement of an environmental management system and its coordination with other management systems. |
ISO 14004 : 2004 |