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Supply Chain 3 > Chapter 11 > Flashcards

Chapter 11 Flashcards

1
Q

Logistics Management

A

management of the movement and storage of materials at lowest cost while still meeting customers’ requirements

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2
Q

Six Components of Logistics Management

A 
Inventory Management
Order Management 
Transportation 
Warehousing 
Packaging and Materials Handling 
Network Design
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3
Q

Cost-to-Service Trade-off

A

as service levels increase, typically so do costs

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4
Q

Cost-to-Cost Trade-off

A

increasing the cost of one logistics activity reduces the cost of another

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5
Q

Total Landed Cost

A

the sum of all product and logistics related costs

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6
Q

Economic Regulation

A

government controls of the entry, rates, and services provided by transportation carriers

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7
Q

Safety (and social) Regulation

A

regulation designed to ensure that transportation carriers conduct their activities in a safe and responsible manner

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8
Q

Economy of Scale

A

the cost per unit f weight decreases as the size of the shipment increases

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9
Q

Economy of Distance

A

the cost per unit of distance decreases as the distance moved increases

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10
Q

Consolidation

A

combining small orders or shipments into one larger shipment to take advantage of transportation economies

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11
Q

Market Area Consolidation

A

combining several small shipments from one shipper that are going to the same market area into one shipment

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12
Q

Pooled Delivery Consolidation

A

combines small shipments from different shippers that aw going to the same market area

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13
Q

Scheduled Delivery Consolidation

A

establishing specific times when deliveries to customers will be made

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14
Q

Five Modes of Transportation

A 
rail
truck
water
air
pipeline
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15
Q

Truckload (TL)

A

truckload carriers generally carry only full trailers of freight (i.e. with shipments in excess of 15,000 pounds)

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16
Q

Less-than-Truckload (LTL)

A

move loads less than 15,000 pounds

17
Q

Speciality Carriers

A

include package haulers such as FedEx and UPS

18
Q

Common Carriers

A

transportation companies that provide services to the public

19
Q

Contract Carriers

A

carriers that have specific contracts with a limited number of shippers

20
Q

Private Carriers

A

companies that own and operate transportation equipment to transport their own products

21
Q

Value Density

A

tha ratio of product’s value to its weight

22
Q

Distribution Center

A

term used to describe the strategic role of warehouses in storage and creating assortments that meet customer requirements

23
Q

Transshipment Point

A

a facility where products are received, sorted, sequences, and selected into loads consistent with the customers’ needs

24
Q

Stockpiling

A

the storage of inventory in warehouses to protect against seasonality wither in supply or demand

25
Q

Production Support Warehouse

A

a warehouse dedicated to storing parts and components needed to supports a plant’s operations

26
Q

Break-Bulk

A

splitting a large shipment into individual orders and arranging for local delivery to customers

27
Q

Warehouse Consolidation

A

combining shipments from a number of sources into one larger shipment going to a single location

28
Q

Cross-docking

A

combines break-bulk and consolidation warehouse activities

29
Q

Value-added Services

A

any work that creates greater value for customers

30
Q

Containerization (Unitization)

A

creating one large container out of several smaller units

31
Q

Automated Storage and Retrieval Systems (AS/AR)

A

computer controlled systems that use robots to automatically select, find, retrieve, and convey product items from storage bins to loading docks

32
Q

Center-of-Gravity Method

A

attempts to find the lowest-cost location for a facility based on demand and distance

33
Q

Logistics Postponement

A

stock products in a single or only a few locations rather than spread inventory out across a large number of warehouses

34
Q

Integrated Service Providers (ISPs) or Third-Party Logistics Providers (3PLs)

A

companies that provide a range of logistical services

35
Q

Warehouse Operations (6)

A 
Receiving and unloading 
In-storage handling 
storage 
order-picking 
staging
shipping
36
Q

Factors influencing Network Design (10)

A 
labor (availability and cost)
proximity of suppliers
proximity of customers 
construction costs 
land costs
taxes
regulations 
incentive packages 
transportation infrastructure 
quality of life for employees
37
Q

Total Network Cost is a function of:

A

transportation and inventory costs

Supply Chain 3 (4 decks)

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