CH 10

Question 1

A carrier’s ability to provide service from the source of the shipment (a factory, for example) to its destination (a store or even an individual customer).

Answer 1

Accessibility (of transportation)

Question 2

A supply chain that maximizes value creation by recovering value from product or material returns.

Answer 2

Closed-loop supply chain

Question 3

Elimination of intermediaries, such as distribution centers, in the delivery of products from a producer to a consumer.

Answer 3

Disintermediation

Question 4

A type of warehouse used specifically to store and ship finished goods to customers.

Answer 4

Distribution center (DC)

Question 5

Intermediaries—wholesalers, distributors, and retailers—through which the flow of product travels.

Answer 5

Distribution channels (marketing channels)

Question 6

A wholesaler with exclusive rights to selling products from a producer to customers within a certain geographic territory.

Answer 6

Distributor

Question 7

A supply chain strategy in which the initial stages of the supply chain operate on a push system, but completion of the product is based on a pull system.

Answer 7

Hybrid (push-pull) strategy

Question 8

Using several types of transportation for the same shipment.

Answer 8

Intermodal transportation

Question 9

The costs required to make or buy a product, including risk of obsolescence, taxes, insurance, and warehousing space used to store the goods.

Answer 9

Inventory carrying costs