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SCM 4301 > EXAM 1 > Flashcards

EXAM 1 Flashcards

1
Q

ROLA STANDS FOR?

A

Return on Logistics Assets

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2
Q

ROLA FORMULA

A
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3
Q

4 ASPECTS OF POSTPONEMENT THEORY

A
  • Capitalizing on firm customer orders
  • Eliminating forecast error to the greatest extent possible
  • Controlling lead time variability
  • Decreasing average lead times
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4
Q

2 TYPES OF SUPPLY CHAINS

A
  • EFFICIENT SUPPLY CHAINS
  • RESPONSIVE SUPPLY CHAINS
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5
Q

Pool opinions of high-level executives, sometimes augmented by statistical models IS

A

Jury of executive opinion

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6
Q

Estimates from individual salespersons are reviewed for reasonableness, then aggregated

A

¨Sales force composite

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7
Q

Panel of experts, queried iteratively

A

¨Delphi method

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8
Q

A prediction of demand made solely by an individual without system support FORECAST LEVEL

A

Expert:

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9
Q

FORECAST LEVEL EXPERT

A

A prediction of demand made solely by an individual without system support

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10
Q

Based upon past history, typically made by the information system but can also be made with spreadsheets or calculators FORECAST LEVEL

A

Mathematical:

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11
Q

Based upon past history, typically made by the information system but can also be made with spreadsheets or calculators

A

FORECAST LEVEL MATHEMATICAL

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12
Q

Mathematical altered by an expert with input from other members of the firm. (Sales Force, planners, marketing and management) FORECAST LEVEL

A

§Combination:

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13
Q

FORECAST LEVEL COMBINATION

A

Mathematical altered by an expert with input from other members of the firm. (Sales Force, planners, marketing and management)

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14
Q

All of the above plus customer input FORECAST LEVEL

A

§Collaborative:

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15
Q

All of the above plus customer input FORECAST LEVEL COLLABORATIVE

A
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16
Q

CPFR

A

Collaborative Planning, Forecasting, & Replenishment

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17
Q

CTM

A

transportation management

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18
Q

these refer to the traditional linkages between firms in the supply chain such as retailers, distributors, manufacturers, and parts and materials suppliers.

A

–Vertical relationships

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19
Q

VERTICAL RELATIONSHIPS

A

these refer to the traditional linkages between firms in the supply chain such as retailers, distributors, manufacturers, and parts and materials suppliers.

20
Q

includes those business agreements between firms that have “parallel” or cooperating positions in the logistics process.

A

–Horizontal relationships

21
Q

HORIZONTAL RELATIONSHIPS

A

includes those business agreements between firms that have “parallel” or cooperating positions in the logistics process.

22
Q

3 RELATIONSHIP TYPES

A
  1. TRANSACTIONAL (VENDOR)
  2. COLLABORATIVE (PARTNER)
  3. STRATEGIC (ALLIANCE)
23
Q

refers to the relationship between buyer and supplier in the supply chain

A

•Vertical Collaboration

24
Q

VERTICAL COLLABORATION

A

refers to the relationship between buyer and supplier in the supply chain

25
Q

refers to buyer-buyer or seller-seller relationships

A

•Horizontal Collaboration

26
Q

HORIZONTAL COLLABORATION

A

refers to buyer-buyer or seller-seller relationships

27
Q

3PL providers founded as a subsidiary or major division of a large transportation firm.

A

•Transportation-based

28
Q

TRANSPORTATION BASED LOGISTICS

A

3PL providers founded as a subsidiary or major division of a large transportation firm.

29
Q

Generally referring to services relating to warehousing and distribution.

A

•Contract Logistics -based

30
Q

CONTRACT LOGISTICS

A

Generally referring to services relating to warehousing and distribution.

31
Q

Organizations performing services for the daily flow of global commerce, purchasing shipping capacity from asset-based providers, then re-selling to supply chain customers.

A

•Freight Forwarding-based

32
Q

FREIGHT FORWARDING BASED LOGISTICS

A

Organizations performing services for the daily flow of global commerce, purchasing shipping capacity from asset-based providers, then re-selling to supply chain customers.

33
Q

Firms providing services such as freight payment and auditing, cost accounting and control, tools for managing shipment visibility, information, and tracking, and consulting and advisory services.

A

•Financial-based

34
Q

FINANCIAL BASED LOGISTICS

A

Firms providing services such as freight payment and auditing, cost accounting and control, tools for managing shipment visibility, information, and tracking, and consulting and advisory services.

35
Q

A newer, innovative type of third-party provider emerged as a result of growth and development of Internet-based, business-to-business, electronic markets for transportation and logistics services.

A

•Information -based

36
Q

INFORMATION BASED LOGISTICS

A

A newer, innovative type of third-party provider emerged as a result of growth and development of Internet-based, business-to-business, electronic markets for transportation and logistics services.

37
Q

3PL organizations that initially were divisions or subsidiaries of manufacturing or distributor organizations.

A

•Corporate Subsidiaries-based

38
Q

CORPORATE SUBSIDIARIES BASED LOGISTICS

A

3PL organizations that initially were divisions or subsidiaries of manufacturing or distributor organizations.

39
Q

Pareto’s Law

A

“80% of firm’s sales are generated from 20% of the product line items.”

40
Q

“80% of firm’s sales are generated from 20% of the product line items.”

A

PARETO’S LAW

41
Q

PARETO BREAKDOWN

A
42
Q

¨Terms of Sale: FOB Origin, Freight Collect

A
43
Q

¨Terms of Sale: FOB Origin, Freight Prepaid

A
44
Q

¨Terms of Sale: FOB Origin, Freight Prepaid & Charged Back

A
45
Q

¨Terms of Sale: FOB Destination, Freight Collect

A
46
Q

¨Terms of Sale: FOB Destination, Freight Prepaid

A
47
Q

¨Terms of Sale: FOB Destination, Freight Collect & Allowed

A

SCM 4301 (2 decks)

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