Exam 2: Ch 8 Flashcards

1
Q

Why logistics is critical

A
  • impacts on cost, flexibility, and delivery performance
  • advances in information systems
  • globalization of markets
    push toward sustainability
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2
Q

Truckload (TL)

A

move full truckloads

  • solo
  • team
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3
Q

Less-Than-Truckload (LTL)

A

move pallet quatities

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4
Q

Water travel

A
  • ideal for materials which high weight to value ratio, especially if delivery speed is not critical
  • one of the lowest ton-mile rates of any mode
  • move full container quanitites
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5
Q

Vessel Routes

A

Called “strings”

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6
Q

Air travel

A
  • Ideal for customers with a low weight-to-value ratio, especially if delivery speed or delivery reliability is critical
  • kidneys, electronics,
  • move single box quanities
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7
Q

Forwarders

A

buy space on flights and sell to suppliers to ship their goods
- middleman

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8
Q

LD3

A

1/2 WIDTH OF AIRPLANE

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9
Q

LD7

A

FULL WIDTH OF AIRPLANE

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10
Q

Rail travel

A
  • decreased transit variability
  • doubled number of lines along busy areas
  • move full container quantities
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11
Q

Factors affecting transit times

A

Highway (truck)

  • weather
  • locations of crossdocks

Water
- dependent on number of ports of call

Air
- proximity of airport pickup and drop off location

Rail
- dependent on number of stops and train switches required

**all modes affected by CAPACITY

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12
Q

Warehousing

A

any operation that stores, repackages, stages, sorts, or centralizes goods or materials.

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13
Q

Consolidation warehousing

A

pulls together shipments from a number of sources in the same geographic are and combines them into larger more economical loads

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14
Q

Cross-docking

A

large economical shipments in – small flexible shipments out, breaks bulk from a single source

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15
Q

hub and spoke systems

A

facilities to sort at high traffic locations

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16
Q

postponement warehousing

A

combines classic warehouse operations with light manufacturing and packaging duties to allow firms to put off final assembly or packaging of goods until the last possible moment

17
Q

assortment warehouses

A

carry a wide variety of goods close to the source of demand for longer periods in order to assure short customer lead times

18
Q

spot stock warehouses

A

attempts to position seasonal goods close to the market place

19
Q

Inventory pooling

A

consolidate safety stocks for individual locations into one centralized location which can provide same-day service to all the stores

20
Q

Material handling system

A

the equipment need to move goods within facility

21
Q

Implications for tranportation

A
  • using slower and cheaper transportation modes will cause inventory levels to rise
  • using faster and more expensive transportation modes will enable firms to lower inventory levels
22
Q

Landed cost

A

the cost of product plus all costs driven by logistics activities, such as transportation, warehousing, handling, customs fees, etc.

23
Q

Reverse logistics system

A

supply chain dedicated to the reverse flow of products and materials for returns, repair, re manufacture, and/or recycling

challenges:

  • firms have less control over the timing, transportation modes used
  • forward logistics systems typically arent set up to handle reverse logistics flows