Supply Chain Flashcards
local firm
firm that coordinates actions of participants in supply chain
often interfaces with customer
selects suppliers
vertical integration
owning multiple assets in supply chain
logistics
managing movement of materials from point to point
reverse logistics
mfgr responsible for product at end of life cycle
backward vertical integration
company owns suppliers
forward vertical integration
company owns distribution networks and retailer locations
possible with high brand recognition and sales volume
agile supply chain
members selected based on speed and flexibility, ability to transmit info well
assess customer needs in great detail
collaborative relationship
EDI
electronic data interchange
CPFR
collaborative planning forecasting replenishment
lean supply chain
for standard functional products, long lifecycles, stable predicatble demand, minimal innovation, low profit margins
focus on operating efficiency to minimize costs
members selected based on keeping costs/inventory low
VMI
Vendor managed inventory
supplier pulls info from retailer to replenish supply
supplier gets daily POS data
JIT II
supplier personnel work in retailers purchasing dept.
SCOR
Supply Chain Operations Reference model
monitor/control performance of supply chain
SCOR activites
plan source make deliver return
SCOR metrics
On time delivery Cash to cash cycle order fulfillment lead times warranty costs days of supply
