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