Ethics & Logistics

Front 1

4 main areas of the supply chain

Back 1

Manufacturing, Wholesaler, Distributer, Retailer

Front 2

What is the main job of a wholesaler? example?

Back 2

buys in bulk from manufacturers for resale to retailers or other traders

ex. Old Navy

Front 3

What is "Warehousing" and why is it necessary?

Back 3

Storage & protection of raw materials AND finished goods in a dedicated building or room.

Front 4

What was interesting about Amazons warehousing strategy?

Back 4

Everything was not put in a specific place, rather the computer did the work

Front 5

Example of a company that would use a Manufacturer to Consumer strategy:

Back 5

Butcher

Front 6

Example of a company that would use a Manufacturer to Wholesaler to Consumer strategy:

Back 6

Costco

Front 7

Example of a company that would use a Manufacturer to Wholesaler to Retailer to Consumer strategy:

Back 7

Old Navy

Front 8

Example of a company that would use a Manufacturer to Retailer to Consumer strategy:

Back 8

Bakery (Farmers Market)

Front 9

Difference between Direct channel and indirect channel of distribution:

Back 9

a Direct channel does not use wholesalers or retailers while indirect channels do.

Front 10

Difference between Consumer Markets and Organizational Markets:

Back 10

A consumer marker goes from producer to consumer while organizational markets go from business to business

Front 11

What do trading companies do?

Back 11

represent specific products in world markets and work with established consumers to assist producers with selling to buyers

Front 12

2 advantages of a company using global intermediaries:

Back 12

1) don't have to worry about shipment & logistics

2) less risk

Front 13

2 disadvantages of a company using global intermediaries:

Back 13

1) Loss of full control

2) It's an expense

Front 14

Custom Brokers specialize in what?

Back 14

In moving products through customs process

Front 15

Freight Forwarders specialize in what?

Back 15

Help transfer a physical product to it's final destination by combining small shipments providing low price

Front 16

TRUCK

2 advantages:

2 disadvantages:

Back 16

Advantages:

1) Flexibility

2) Speed

Disadvantages:

1) More expensive than rail

2) not suitable for all types of cargo

Front 17

RAIL

2 advantages:

2 disadvantages:

Back 17

Advantages:

1) Hauls bulk materials

2) Tends to perform better on long hauls

Disadvantages:

1) Slower than trucks

2) Less flexible routes & schedules compared to trucks

Front 18

SEA

2 advantages:

2 disadvantages:

Back 18

Advantages:

1) Cheapest

2) Fullservice (directly to customer)

Disadvantages:

1) Slowest

2) Environmental risk

Front 19

AIR

2 advantages:

2 disadvantages:

Back 19

Advantages:

1) Fastest

2) Reliable & Safe

Disadvantages:

1) Restricted to smaller loads

2) Most expensive

Front 20

Definition of Ethics:

Back 20

Principles of right and wrong by which people conduct themselves personally, socially and professionally

Front 21

Who determines ethical standards:

Back 21

1) Government

2) Society

3) Authority

Front 22

if a company has good ethical behaviour it will:

Back 22

-Establish trust

-Foster positive public image

Front 23

if a company performs unethically it will:

Back 23

-Lead to organizational dysfunction

-create public outrage

-create personal and moral dilemma

Front 24

ethical issues international businesses should be aware of:

Back 24

Discrimination

Unfair pay

working conditions

human rights issues

environmental issues

Front 25

3 questions to ask of you are wondering if a decision is ethical or not?

Back 25

1) is it LEGAL?

2) is it BALANCED?

3) is it RIGHT?

Front 26

Rationalization:

Back 26

a technique used to justify poor and unethical decisions

Front 27

What is a Whistleblower:

Back 27

A person who exposes the misdeeds of others

Front 28

2 consequences of being a whistleblower:

Back 28

1) difficult to maintain relationships

2) Legal consequences

Front 29

Corporate social responsibility:

Back 29

the duty to do what is best for the company

Front 30

Three levels of Corporate Responsibility:

Back 30

1) Obligation

2) Responsiveness

3) Responsibility

Front 31

What is a Code of Ethics:

Back 31

Statement exampling what a company or group believes is proper and improper which applies to individuals employees and the whole company

Front 32

What is a Stakeholder:

Back 32

Various individuals or groups of people who have direct interest, involvement or investment in an organization

Front 33

Not Business as Usual

What is a B-Corporation?

Back 33

Benefit Corporation

Front 34

Not Business as Usual

According to Milton Friedman, to whom to businesses have a duty towards? what is the problem with his mindset?

Back 34

Only have a duty to their own share holders, he says they do not have a duty to society.

Front 35

Not Business as Usual

What is good for _________ is also good for _______

Back 35

1) Society

2) Business