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SCM > QUIZ 2 > Flashcards

QUIZ 2 Flashcards

1
Q

traditionally thought of as a place to hold or store inventory

A

Warehousing

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2
Q

Traditionally viewed as basic function that collectively support the handling, identification, and protection of products

A

Materials Handling & Packaging

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3
Q

Has become strategic in nature, taking into consideration significant complexities to efficiently meet customer requirements

A

Warehousing Functionality

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4
Q

fueled by the advent of e-commerce has become a very large and strategic investment for many firms

A

Materials Handling

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5
Q

Simultaneously incorporating both commercial marketing related elements, as well as traditional industrial handling considerations

A

Packaging

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6
Q

Reasons for warehousing:

A
  1. Uncertainty in demand, supply, and/or lead time
  2. Manufacturing economies: production smoothing
  3. Transportation economies: Volume discounts
  4. Customer service support
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7
Q

Warehouses exist to lower total cost or improve customer service

A

Warehouse Requirements

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8
Q

What are the 2 Warehouse requirements?

A
  1. Supply-facing warehouses
  2. Demand-facing warehouses
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9
Q

Facilities used to inbound materials

A

Supply-facing warehouses

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10
Q

Facilities used for customer accommodation

A

Demand-facing warehouses

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11
Q

what are the 3 functionality and justification of warehouses?

A
  1. Procurement
  2. Manufacturing
  3. Customer accommodation
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12
Q

What are the 2 Warehousing Fundamentals: The benefits?

A
  1. Service Benefits
  2. Economic Benefits
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13
Q
  • Operational strategy to add value within the supply chain process
  • Are meant to add value for the customer
A

Service Benefits

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14
Q

Operational strategy to save money by using a storage point

A

Economic Benefits

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15
Q
  • Spot stock near customers (usually seasonal).
  • Full-line stocking (inventory in anticipation of orders)
  • Stocking to support the production facility
A

Stocking strategies

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16
Q
  • Packaging/kitting.
  • Changing product form (example, paper cutting).
  • Sequencing.
  • Drop-shipping (orders shipped directly to customer).
  • Postponement (example. HP Printers)
A

Value- added services (greater value creation)

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17
Q
  • consolidation and break-bulk
  • Sorting (cross-dock)
  • Seasonal Storage
  • Reverse Logistics
A

Economic Benefits

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18
Q

Inventory from multiple locations is received and combined for shipments to customers

A

Example of Consolidation

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19
Q

Large shipments are broken down for smaller deliveries to multiple customer destinations.

A

Example of Break-Bulk

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20
Q

Product from multiple sources is mixed to form orders shipped to multiple customers

A

Example of Cross-Dock

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21
Q

One major difference with a mixing facility is the addition of product already sitting in the warehouse, such as Product D.

A

Example of In-Transit Mixing

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22
Q

Accommodates either seasonal production or seasonal demand

A

Seasonal Storage

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23
Q

2 examples of Seasonal Storage

A
  1. Patio/lawn furniture
  2. Agricultural products
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24
Q

Produced year-round, sold in a short window

A

Patio/lawn furniture

25
Q

produced in season, sold year round

A

Agricultural product

26
Q
  • Returns management
  • Remanufacturing or repair
  • Remarketing
  • Recycling
  • Disposal
  • Hazardous materials and government regulation
  • Product recalls
A

Reverse Logistic Processing

27
Q

Reverse Logistic Processing

A
  • Returns management
  • Remanufacturing or repair
  • Remarketing
  • Recycling
  • Disposal
  • Hazardous materials and government regulation
  • Product recalls
28
Q

Warehouse ownership arrangements

A
  1. Private
  2. Public
  3. Contract
29
Q
  • Typically operated by the firm owning the product.
  • Control
  • Flexibility
  • Cost
  • Intangibles
A

Private

30
Q
  • Outsourced warehousing operations on a pay-for service basis
  • General merchandise
  • Refrigerated
  • Special commodity
  • Bonded
  • Household goods & furniture
A

Public

31
Q
  • Operated by “niche experts” providing customized service with long-term relationships.
  • If done correctly, it combines the best of both public and private
A

Contract

32
Q

At low volumes, public warehouses, which can operate on a per unit basis, are generally more economical

A

Cost & Volume Relationship

33
Q

To achieve the basic benefits of a warehouse.

A

Warehouse Decisions

34
Q

Proper planning can ensure desired warehousing efficiencies for warehouse decisions.

A
  1. Site selections
  2. Design
  3. Product-Mix analysis
  4. Expansion
  5. Handling
  6. Layout
  7. Sizing
35
Q
  • Improve service level due to reduction of average service time to customers
  • Increase overhead and set-up costs
  • Reduce transportation in a certain range
    • Reduced outbound transporatation costs.
    • Increase inbound transportation costs.
  • Increase inventory costs due to a larger safety stock.
    • Portfolio Effect / Square Root Law
A

Impact of More warehouses

36
Q

2 Layout of Warehouse

A
  1. Storage practice (slotting)
  2. Picking the product
37
Q
  • First Available
  • Fixed Area
  • ABC
A

Storage Practice (slotting)

38
Q
  • FIFO (First-in-First-out)
  • LIFO (Last-in-Last-out)
A

Picking the product

39
Q

Warehouse Operations function include product handling and storage. Numerous product handling considerations exist to support a given warehouse application

A

Primary Function

40
Q

Warehouse Operations Function are also a significant importance to the success of a given warehouse operation

A

Secondary Function

41
Q
  • Product Handling
    • Receiving
    • Product put-away
    • In-storage product handling
    • Order Picking
    • Shipping
A

Primary Warehouse Function

42
Q
  • Active storage
  • Extended storage
A

Storage

43
Q
  • Accuracy and audits
  • Security
  • Safety & maintenance
  • Environmental concerns and regulatory environment
A

Secondary Warehouse Operations

44
Q

5 Product Handling

A
  1. Receiving
  2. Product Put-away
  3. In-storage product handling
  4. Order Picking
  5. Shipping
45
Q

The process of unloading product; responsible for ensuring Stock Keeping unit (SKU) and quantity accuracy

A

Receiving

46
Q

Placement of product into active or secondary location for strage

A

Product Put-away

47
Q

Active pick location replenishment, space consolidation

A

In-storage product handling

48
Q

Grouping of unique Stock Keeping Units (SKU) and quantities to facilitate order assembly

A

Order picking

49
Q

Loading and verification of outbound transportation equipment

A

Shipping

50
Q

Initial foundation for evaluating handling alternatives

A

Basic Handling Considerations

51
Q

Material Handling
- Lift Trucks
- Towlines
- Tractor Trailers
- Conveyors.
- Carousels

A

Mechanized systems

52
Q
  • Automated guided vehicles (AGV)
  • Sortation
  • Robotics
  • Flow racks
A

Semi-Automated

53
Q
  • Order selection
  • Automated storage & retrieval systems (AS/RS)
A

Automated systems

54
Q
  • E-fulfillment
  • Returns Processing
A

Special Handling considerations

55
Q

2 type of Storage

A
  1. Active Storage
  2. Extended Storage
56
Q

Focused on quick movement and flexibility; emphasis on picking and put-away productivity

A

Active Storage

57
Q

Focused on long-term storage; emphasis on maximum space utilization

A

Extended storage

58
Q
A

SCM (2 decks)

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