GSC 5620 Exam 1
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What are the 6 developments in Logistics & SCM?
- -Reduced transport intensity of freight
- -Falling Product prices
- -Deregulation of transport
- -Productivity Improvements
- -Emphasis on inventory reduction
- -Changes in company structure
What is "Logistics"?
Getting the right product, quantity, quality, place, & time for the right customer and cost.
What is the "Supply Chain"?
- Network of organizations that are involved through upstream and downstream linkages
- - Different processes and activities that produce value in the form of products and
- services for the consumer
What is "Supply Chain management"?
- Management across and within a network of upstream and downstream organizations of both relationships and flows of material, information, & resources .
– Purpose of SCM are to create value, enhance efficiency, and satisfy customers
What are the Key Flows in SCM?
- - Physical flow of material
- - Flow of information
- - Resources (Finance, people, & equipment)
What is some notable growth in International Trade?
- -World Exports grew from $62 Billion in 1950 to $16,000 Billion by 2008
- (Subsequently declined after)
What are some notable Trade Agreements?
- -Word Trade Organization 1995
- -Asia-Pacific Trade Agreement (APTA) 1975
- -Central European Free Trade Agreement (CEFTA) 1992
- -North American Free Trade Agreement (NAFTA) 1994
- -Trans Pacific Strategic Economic partnership (TPP) 2005
Who were the top 3 leaders in Exports in 2010 in order.
What are the 6 dimensions for the Logistic Performance Index (LPI)?
- –International shipments
- –Logistics competence
- –Tracking & tracing
Who are the top 3 global countries in the LPI?
- 2.China (Singapore)
- 3. Sweden
- (The US is #15)
What are the 5 components of Liner Shipping Connectivity Index (LSCI)?
- –Maximum vessel size in a country’s ports
- –Number of companies providing services to ports
- –Number of services offered by the liner companies
- –Number of ships deployed on services to ports
- –TEU capacity on the deployed ships
What are some trends with LSCI since 2010?
- -Maximum Vessel Sizes and TEU have increased
- -Services, Vessels, and Companies have decreased
What is the Largest Global Port in the world?
- The port of Shanghai
- (In 2010, it handled 29.07 million 20ft TEU's)
What is the Largest Container Ship?
- The APL Southampton
- -Size: 347m X 45m
- -Capacity: 10740 TEU
- -Speed: 5.7/5.5 Knot
What is Ethnocentricity?
A company when doing business abroad thinks and acts as if they were still operating in their home country
What is Polycentricity?
A company adopts the host country perspective
What is Geocentricity?
A company acts completely independent of geography and adopts a global perspective, and will tailor to the local environment as appropriate
What is Foreign Direct Investment?
- Financial flows from a company in one country to invest (for example in a factory) in another country
- -Very significant in overall global economy
What was significant about the 1993 Mercedez benz plant in Alabama?
The offered $1 Billion in Incentives for employees which encouraged $7 Billion in Foreign Automaker investment
Traditional vs. Circular routings
Traditional: Vessels move in both directions on each route
Circular: Vessels move in one direction only. Usually in the direction of greatest traffic volume.
What is Outsourcing?
- The transfer to a third party of the management & delivery of a process previously performed by the company itself
- -Requires: SLA's, Order winners & qualifiers, supplier development
- -Creates: Virtual Organizations
What is Offshoring?
- The transfer of specific processes to lower cost locations in other countries
- (In offshoring, the company may still own and control the process itself in the lower cost location)
Where did "Foxconn" move their manufacturing plant in China to and why?
They moved it to Indonesia because of the lower wages
What are some frequently reported problems that lead to Failure in Outsourcing?
- -Need for frequent reminders
- -Late delivery
- -Cultural Differences
What are the 4 stages of a Outsourcer & Outsourcee relationship
- 1. Master - Servant
- 2. Consultant
- 3. Peer to peer relationship
- 4. Competitive
What are the steps from Open Market Negotiations to Collaboration?
- 1. Open market Negotiation
- 2. Cooperation
- 3. Coordination
- 4. Collaboration
What is the Top-Down Perspective on Strategy?
Corporate Strategy => Business Unit Strategy => Functional Strategy
What is Lean Production?
- - Eliminating waste in a pull based value stream of activities with level production
- - Just-In-Time inventory management
What are the Seven Wastes?
- -Inappropriate processing
- -Unnecessary inventory
- -Unnecessary motion
What is significant about an Agile Supply Chain?
- - A demand-pull chain designed to cope with volatile demand
- (Structured to allow maximum flexibility)
- -Enabled by mass customization
- (Often incorporates postponed production)
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