CHP Flashcards
Multinational Enterprise
Sources, markets, and produces goods and services in several countries as part of a global supply chain
Operational Structure
configuration of resources: suppliers, factories, warehouses, distributers, tech support centers
Efficient Supply Chains
designed for efficiency and low cost by minimizing inventory and maximizing efficiencies in process flow
Responsive supply chains
focus on flexibility and responsive service and are able to react quickly to changing market demand and requirements
Push System
produces goods in advance of customer demand using a forecast of sales
Pull system
goods are produced in upstream stages in the supply chain in response to customer demand signals from downstream
Push-pull boundary
point in the supply chain that separates the push system from the pull system
Postponement
delaying product customization
Vertical Integrations
acquiring and consolidating elements of a value chain to achieve more control
Backward Integration
acquiring capabilities toward suppliers
Forward Integration
acquiring capabilities toward distribution or customers
Outsourcing
suppliers providing goods, instead of internally
Contract Manufacturer
specializes in product customized design, manufacturing, assembly, and packaging
Third Party logistics (3PL) providers
provide integrated services:packaging, warehousing, inventory management, inbound or outbound transportation
multisite mngt
process of managing geographically dispersed service -providing facilities