Chapter 9 Flashcards
Why would a company join the fair trade movement?
To demonstrate to consumers they are socially responsible.
cross docking
a way to get products to customers faster as well. Products spend little or no time in warehouses.
supply chain management
process of managing and refining supply chains so as to make them as efficient as possible.
value chain
your supply chain partners should do more for you than perform just basic functions.
each one should help you create more value for customers as the product travels along the chain—preferably more value than your competitors’ supply chain partners can add to their products.
Sourcing
process of evaluating and hiring individual businesses to supply goods and services to your organization.
procurement
process of purchasing goods and services for your organization
offshoring
Outsourcing work to companies abroad
Social responsibility
idea that companies should manage their businesses not just to earn profits but to advance the well-being of society.
Environmental sustainability
idea that firms should engage in business practices that have the least impact on the environment so that it’s sustained for future generations.
Logistics
The physical flow of materials in the supply chain.
Intermodal containers
metal boxes
Why would firm push for Environmental sustainability
increasingly important to consumers
