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Idis > Exam 1 > Flashcards

Exam 1 Flashcards

1
Q

OEM

A

type of end user. Original equipment manufacturer

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2
Q

MRO/facilities

A

Type of end user, maintenance repair and operations

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3
Q

Contractors

A

Another type of end user

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4
Q

Consignment

A

Type of financing, let the manufacturer park it out on the floor, pay for it once it gets paid

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5
Q

Extending credit

A

Owing money , another form of financing

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6
Q

Exclusive

A

Level of distribution, there only one place I can buy this certain product

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7
Q

Selective

A

Level of distribution , I can only go to maybe 8 locations in Dallas to buy a Rolex

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8
Q

Intensive

A

Level of distribution , Evan can pretty much find Coca Cola anywhere

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9
Q

Supply chain management

A

A management system that coordinates and integrates all the activities performed by supply chain members into a seamless process, from the source to the point of consumption, resulting in enhanced customer and economic value

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10
Q

5 basic functions involved in moving the product from a manufacturer to end user

A

Selling
Proving transportation
Servicing products after they have been sold
Extending credit
Maintaining a local inventory

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11
Q

Maintaining a local inventory of products on the shelf for immediate delivery or pickup

A

One of the 5 basic functions of a distributor

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12
Q

Buy outs

A

Required when the merchandise a customer has ordered is not in your inventory

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13
Q

Radio frequency indentification tag (rfid)

A

Uhm real time tag

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14
Q

The manufactures agents

A

Usually represent multiple manufactures selling complementary products
They may or may not stock inventory, typically don’t, but they NEVER OWN inventory

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15
Q

Specifiers are responsible for all except

A

Provide layouts

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16
Q

3 pls (third part logistics provider)

A

Transportation ( long haul, short deliveries)
Warehousing, providing information such as tracking, global shopping

17
Q

Other members of supply chain: banks

A

Provide the necessary financing for all go be involved in supply chain

18
Q

Other members of supply chain: integrators

A

Integrated all the individual sub system components together

19
Q

Architects

A

Provide design, conceptual design

20
Q

Engineer

A

Will that design work correctly

21
Q

Designers

A

Fix any aesthetic issues

22
Q

Modifiers

A

Modify how an item has been designed or engineered based on how Yal r using it

23
Q

Selling price=

A

List price - trade discounts

24
Q

COGS

A

cost of goods sold, = cost of merchandise sold + any freight charges from the manufacturer

25
Q

OP

A

Idis (1 decks)

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