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Supply Chain

Supply Chain and Logistics info

QuestionAnswer
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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