Supply Chain and Logistics info
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| Define the “bullwhip” | poor inventory stocking and transportation
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| How much do US companies spend per year in transporting goods | 600 billion
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| How much do US companies spend per year in storing | handling goods
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| How much do US companies spend per year in managing distribution | 40 billion
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| In what 2 main parts is the supply chain divided into? | The supplier network and marketing channel
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| To which step in the supply chain does the “Inbound” and “outbound” flow of products refer to? | the producer
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| What percentage of logistics costs are factored into a new car? | 25 to 30 percent
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| What is cross-docking? | eliminating storage by unloading from one truck, sorting products for a certain storefront onsite of drop-off, then reloading onto a new truck.
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| Between what 2 elements in the supply chain are managers often making trade-offs between? | efficiency and responsiveness.
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| Supply chain data and analysis incorporates what 4 elements? | inventory, transportation, distribution facilities, and customers.
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| The barcoding system which links links invoices to the supplychain is called? | EDI or electronic data interchanges
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| Services which supply businesses with supplychain data via the web is called? | Extranet
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| Logistics costs and customer service variables are tracked by which technology? | ERP Enterprise resource planning
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| With in the supply chain, what are the 4 factors that comprise customer service? | time, dependability, communication, and convenience
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| The time it takes between a product order to it’s reception in a store is called? | lead time
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| Ways to reduce lead time by making the process more simple electronically are called? | quick response and efficient consumer response
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| What are the three factors which comprise dependability? | consistent lead time, safe delivery, and complete delivery
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| What does convenience mean in supply chain lingo? | the goal of minimum effort on the part of the buyer.
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| On what 6 service criteria can you evaluate transportation? | cost, time, capability, dependability, accessibility, frequency
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| 2 advantages and disadvantages of Rail | Low cost + extensive routes vs some damage problems + sometimes slow
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| 2 advantages and disadvantages of Truck | extensive routes + Fairly fast vs higher cost + more weather sensitive
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| 2 advantages and disadvantages of Air | Fast + frequent departures vs high cost + limited capabilities
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| 2 advantages and disadvantages of Pipeline | low cost + frequent departures vs limited routes + slow
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| 2 advantages and disadvantages of Water | low cost + huge capacities vs slow + more weather sensitive.
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| Combining different transportation modes to get the best features out of each is called? | intermodal transportation
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| What are the 4 types of Inventory Costs? | Capital Costs, Inventory service costs, storage costs, and risk costs.
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| What is an inventory supply system that requires fast on-time delivery? | just-in-time JIT
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| What is an inventory supply system where the supplier determines the product amount and asosortment a customer needs? | vendor-mandaged inventory VMI
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| What describes returns, salvaging, repairs, and redistribution? | reverse logistics
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