CHAPTER 1 Flashcards
What is material flow
Is the connection between goods supply and distribution of goods
Which are the basic material flow processes?
- warehousing/ storage
- transporting
- picking and sorting
- packaging and signing
- handling
What are logistic systems ?
Systems which manage and handle the material flows (transport, warehouse, picking, packaging, handling).
The 6-R of logistics?
RIGHT:
- product
- time
- place
- amount
- quality
- costs
Apart from material flow we need…?
Communication and exchange of information= information flow
Information flow facilitates some logistic processes, which are they?
- design logistic system
- planning the resources
- control of operational day-to-day processes
- monitoring the processes
- communication within the own company
What is logistic management?
Id the planning, implementation and control of flow and storage of goods and related information between the point of origin and the point of consumption in order to meet customer requirements.
Which are the stages of logistics outsourcing?
(PARTY LOGISTICS)
- 1PL (no outsource logistics)
- 2PL (basic logistics, transport and storage)
- 3PL (2PL+ additional services)
- 4PL ( outsourced logistics management completely)
Which are the players in 2PL?
- shipper
- carrier
- storage company
- freight forwarder
- additional logistics service provider (servicio de empaquetado)
- EMC
- ETC
- non-vessel-operating common carriers
Players in 3PL?
Apart from 2PL
- LOGISTIC SERVICE PROVIDER ( the different services offered are called contract logistics): execute logistic operations on behalf of producer (services close to storage and freight forwarder)
Players in 4PL?
- LOGISTIC SERVICE PROVIDER: takes over complete management tasks
What is a supply chain?
- Flow of products and services (from source, suppliers UPSTREAM SOURCING; manufacturers; wholesaler, distributors, retailers, en customer DOWNSTREAM DISTRIBUTION)
- firms are connected by transport and storage
- common objective to improve cost and service
Tell me 3 ways to do business internationally?
- marketing or selling into a host market
- manufacturing or producing in another country
- obtaining supplies from another country
What is supply chain management?
- managing supply and demand
- sourcing raw materials and parts
- manufacturing and assembling
- warehousing and inventory tracking
- order entry and order management
- distribution across channels
- delivery to customers
What does effective Supply Chain Management imply?
- efficient integration of suppliers, manufacturers, warehouses and stores.
- coordination of processes across supply chain.
- reduce cost of material flow and information
