chap 9 supply chain

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Break-bulk

warehouse operation that divides full truckloads of items from a single source or manufacturer into smaller, more appropriate quantities for use or further distribution

Public Warehouse

A business that provides storage and related warehouse functions to companies on a short or long term basis. Ex: a hotel for inventory

Contract Warehouse

A type of public warehouse that handles the shipping, receiving, and storage of goods on a contract basis for a fee. Ex: renting an apartment for inventory

Which transportation mode is the fastest over long distance?

Air

Types of Warehouses

Break-bulk, cross-docking, and consolidation (BB CD C)

The transfer of goods from an inbound carrier to an outbound carrier, without the goods being put away into storage is known as

Cross docking

4PL

Fourth Party Logistics is an interface between the client and the multiple logistic service providers

ICC Termination Act (1995)

ICC was eliminated

Which warehouse location strategy would most likely be used if a company has many more suppliers than customers?

Product Positioned Strategy

What type of warehouse network strategy would you be using if you positioned your warehouse close to the supply source to collect goods and consolidate before shipping products out to customers?

Product posistioned

Which warehouse ownership type provides the most flexible contract terms?

Public Warehouse

3PL

Third Party Logistics Company is an outsourced provider that manages all of an organization logistics requirements for a fee

Which transportation has the most accessibility?

Truck

Private Warehouse

a storage facility that is owned by the company that owns the goods being stored in the facility. Ex: buying a house for inventory

Interstate Commerce Act (1887)

created the ICC

The US transportation industry remains mostly

deregulated

Modes of Transportation

truck, rail, pipeline, air water

Air

fastest and most expensive mode of transportation

Rail

is slow and inflexible but has the most capability (most capability)

Water

is slow, inflexible, and inexpensive; is primarily used for heavy, bulky, and low value materials

Truck

most flexible mode of transportation (most accessibility)

Pipeline

most reliable and lowest per unit cost

Outbound Logistics

moving finished goods to customers

Inbound Logistics

moving goods/materials from supplier to buyer

Primary Functions of a Warehouse

picking, packing, receiving, shipping, storage

Warehouse Ownership Types

private, public, contract (PPC)

Carrier

refers to the company that transports the goods

Mode

refers to the way in which goods are transported

Secondary Functions of a Warehouse

repackaging, assembly operation, quality inspection (RAQ)

5 R's of Reverse Logistics

returns, recalls, repairs, repackaging, recycling

Cross-docking

supplier to sorting area o customer; basically takes the materials from incoming trucks and placed them directly on outbound trucks with little to no storage in between to save space

FOB Destination requires

that the supplier legally retains ownership of the product being shipped until it reaches the destination

Warehouse

the facility used to store

Warehousing

the function that allows a company to store

Reverse logistics involves

the process of moving a product from the point of consumption back to the point of origin to recapture value or ensure proper disposal

Products have little value to the customer until

they are moved to the customer's point of consumption

Consolidation

warehouse operation that receives products from suppliers, stores them, and combines them with similar shipments for further distribution

Intermediately Positioned Strategy

warehouses set up with equal customers and suppliers

Product Posistioned Strategy

warehouses set up with few customers and more suppliers (PPFCMS)

Market Posistioned Strategy

warehouses set up with few suppliers and more customers (MPFSMC)


Kaugnay na mga set ng pag-aaral

confidence intervals and t-distribution

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