Supply Chain Exam 4
Card Set Information
Supply Chain Exam 4
chapter 8, 8S, 11
A computer based tool for collecting, storing, retrieving, and displaying demographic data on maps
Geographic information system(GIS)
Small factory with a narrow product focus, located near major markets
Technique for evaluating location choices in economic terms
Locational cost-profit-volume analysis
General Approach to evaluating locations that includes quantitative and qualitative inputs
Method for locating a distribution center that minimizes distribution cost.
Center of Gravity method
A sequence of organizations - their facilities, functions, and activities - that are involved in producing and delivering a product or service
The strategic coordination of the supply chain for the purpose of integrating supply and demand management.
Supply chain management
The part of a supply chain involved with the forward and reverse flow of goods, services, cash, and information
Series of steps that begin with a request for purchase and end with notification of shipment received in satisfactory condition
Purchasing is handled by one special department
Individual departments or separate locations handle their own purchasing requirements
The use of electronic technology to facilitate business transactions
Evaluating the sources of supply in terms of price, quality, reputation, and service
A supply chain initiative that focuses on information sharing among supply chain trading partners in planning, forcasting, and inventory replenishment.
Collaborative Planning, Forcasting, and Replenishment (CPFR)
Two or more business organizations that have complementary products or services join so that each may realize a strategic benefit
The speed at which goods move through a supply chain
Inventory oscillations become progressively larger looking backward through the supply chain.
Vendors monitor goods and replenish retail inventories when supplies are low
Vendor-managed inventory (VMI)
The processes involved in responding to customer orders
The movement of materials, services, cash, and information in a supply chain
Overseeing the shipment of incoming and outgoing goods.
A technology that uses radio waves to identify objects such as goods in supply chains
Radio frequency identification (RFID)
The outsourcing of logistics management
Third-party logistics (3-PL)
The process of transporting returned items
Screening returned goods to prevent incorrect acceptance of goods
Finding ways to minimize the number of items that are returned.
A manufacturer controls both the forward and reverse shipment of product.
Closed-loop supply chain
The speed at which information is communicated in a supply chain
A major trading partner can connect to its supply chain to access data in real time.
Supply chain visibility
The ability to detect and respond to unplanned events
The percentage of demand filled from stock on hand
Analyzing the procurement process to lower costs by reducing waste and non-value-added activities, increase profits, reduce risks, and improve supplier performance
A technique whereby goods arriving at a warehouse from a supplier are unloaded from the supplier's truck and loaded onto outbound trucks, thereby avoiding warehouse storage
Production of standard components and subassemblies, which are held until late in the process to add differentiating features.
Reducing one or more steps in a supply chain by cutting out one or more intermediaries