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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

Firms that understand their liabilities are better positioned to limit their exposure to risk.

Better Management of Risk

Refers to variations in possible outcomes and their likelihoods. Assessment of liabilities includes analysis of supply cycle disturbances and their negative consequences.

Risk

Refers to conditions under which a firm invests in specific technologies that have limited use outside of their intended purpose.

Asset considerations

Refers to the overall level of risk encountered in the social, economic, and natural environments.

Macroenvironmental Issues

Firms that invest in sustainable practices in the supply chain develop positive brand reputations that pay dividends in multiple relationships

Enhanced Brand Reputation

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

Refers to the process of planning, allocating, and controlling human and financial resources dedicated to physical distribution, manufacturing support, and purchasing operations.

Logistics

It trace products back from the point of consumption have increasingly been addressed in supply chains.

Reverse Logistics

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

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

It provide enormous opportunity to manage the logistics function.

Innovative Technology

RFID means

Radio Frequency Identification

GPS means

Global Positioning System

It has improved the company's efficiency and price competitiveness while simultaneously offering improved information handling and customer service.

Routing and Tracking Computer System

It is a second innovative technology that provides a source of competitive advantage.

Inventory Management Software

MEI means

Multi-Echelon Inventory

It designed to accommodate increasingly global supply chains, contract manufacturing, dynamic product life cycles, and multichannel distribution systems

MEI Software

It is an innovative technology that has significant applications in logistics and retailing.

Radio Frequency Identification (RFID)

It represent another technology that has the potential to transform logistics.

Global Positioning System (GPS)

As the underlying means for ensuring that products are delivered in usable formats and represents an important element of logistics.

Packaging

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

Third-party suppliers have the expertise to consolidate shipping routes and reduce inventory levels.

Enhance Vehicle Performance

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

Due to experience with a variety of users and applications, third-party logistics agents can optimize distribution networks and consolidate routes.

Enhanced Customer Service

It is a set of regulations established to achieve environmental goals.

Environmental Management Systems (EMS)

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

a set of organizations involved in the process of making a product available for consumption.

Channel

a set of organizations linked directly to the flow of products and information from a source to the consumer.

Supply Chain

the set of primary and support activities performed by the firm to serve as sources of competitive advantage.

Value Chain

set of entities associated with yielding environmental, social, and economic value from resource procurement through resource processing, consumption, and post consumption.

Supply Cycles

presumes that each level of the supply cycle engages in some sort of processing.

Input Output Process

are the focal outcomes of processing.

Products

refer to all other results of processing.

by-product

Outlines the guidelines associated with the firms approach to sustainability, and it provides a strategic approach to the organizations environmental policy.

ISO 14001 : 2004

Provides guidance on the establishment, implementation, maintenance and improvement of an environmental management system and its coordination with other management systems.

ISO 14004 : 2004