MAR3023

term that refers to a set of approaches and techniques firms employ to efficiently and effectively integrate their suppliers, manufacturers, warehouses, stores, and transportation intermediaries into a seamless operation

an operation in which merchandise is produced and distributed in the right quantities, to the right locations, at the right time, as well as to minimize systemwide costs while satisfying the service levels their customers require.

firms that buy products from manufacturers and resell them to retailers, and retailers sell products directly to consumers

set of institutions that transfer the ownership of and move goods from the point of production to the point of consumption

consists of all the institutions and marketing activities in the marketing process

describes the integration of two or more activities for the purpose of planning, implementing, and controlling the efficient flow of raw materials, in-process inventory, and finished goods from the point of origin to the point of consumption

the element of SCM that concentrates on the movement and control of physical products

includes an awareness of the relationships among members of the supply chain or channel and the need to coordinate efforts to provide customers with the best value

supply chains add ____

supply chains streamline distribution by doing what 3 things?

supply chain affects marketing in what 2 ways?

Steps of typical order-to-delivery process (3)

every marketing decision is affected by and has an effect on what?

a facility for the receipt, storage, and redistribution of goods to company stores or customers, may be operated by retailers, manufacturers, or distribution specialists

what are the 5 interrelated activities that emerge in supply chain management?

In making information flow what are flows 1 thru 6?

the black and white bar code found on most merchandise

electronic document that the supplier sends the retailer in advance of a shipment to tell the retailer exactly what to expect in the shipment

where does the purchase information at the point of sale go?

the computer to computer exchange of business documents from a retailer to a vendor and back

what are the 3 main benefits of EDI?

an approach for improving supply chain efficiency in which the manufacturer is responsible for maintaining the retailer's inventory levels in each of its stores

the manufacturer own the merchandise until it is sold by the retailer, at which time the retailer pays for the merchandise

P&G actually managing Walmart's inventory of P&G is an example of what?

what is the sharing of forecast and related business information and collaborative planning between retailers and vendors to improve supply chain efficiency and product replenishment

when have a lot of bad weather and snow more people will be staying home and the birth rate will increase, making a rise in need/demand for diapers and baby formula is an example of

what is a supply chain in which: orders for merchandise are based on sales data; more accurate inventory; better when demand is uncertain

what is a supply chain in which: merchandise allocated based on forecast; does not need sophisticated IS system; good for steady demand items

in a business with a constant demand, based on sales that actually happen, you are using what type of supply chain?

when you don't want to see what actual sales occur, but according to what sales might be in the future is what type of supply chain?

although generally more desirable, a ____ approach is not the most effective in all situations. (which type of supply chain?)

when determining which distribution system to use. Knowing it has more accurate sales, enables retailer to carry less merchandise, easier to avoid running out of stock or having too much stock, and space is less expensive are several advantages to using _______

who is the person who coordinates deliveries to the distribution center

the process of recording the receipt of merchandise as it arrives at a distribution center

the process of going through the goods upon receipt to make sure they arrived undamaged and that the merchandise ordered was the merchandise received

tiny computer chips that automatically transmit to a special scanner all the information about a container's contents or individual products