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Intro To Logistics > Test 1 > Flashcards

Test 1 Flashcards

0
Q

Different prospective a of s

Logistics definitions

A

Inventory,customer,International society of logistics, council of supply chain management

Common culture
Professionals
Dictionary

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1
Q

What is the supply chain profile (flow)

A 
Supplier
Manufacturer
Wholesaler
Retailer 
Customer
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2
Q

Logistics detention from inventory perspective

A

Management of materials in motion and at rest

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3
Q

Logistics detention according to customer perspective

A

7rs
Right…
Product, customer, quantity,condition,place,time,cost

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4
Q

4 subdivisions of logistics

A

Business
Military
Event
Service

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5
Q

Value added roles of logistics

A 
Form 
Time
Place
Quantity
Possession
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6
Q

3 main logistics activities

A

Transportation
Warehousing
Inventory

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7
Q

Other logistics activities

A 
Procurement
Customer service
Materials handling
Parts and service support
Reverse logistics
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8
Q

Roa is

A

Return on assets

Roa= gross profit/assets

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9
Q

What is roi

A

Return on investment

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10
Q

What are spatial relationships

A

How some object is located in space in relation to some reference object
Location of fixed points in the logistics system with respect to demand and supply points
Important to transportation cost

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11
Q

Nodes

A

Fixed spatial points where goods stop for storage or processing

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12
Q

Links

A

Represent the transportation network and connect the nodes in the logistics system

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13
Q

Ports

A

Town or city with a harbor where ships load or unload especially one where customs are stationed

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14
Q

What is nafta

A

A treaty that Establishes free trade between u.s. Canada, and Mexico

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15
Q

Global transportation options

A

Ocean (most persuasive , low rates and can carry much)
Air (fast, low rates)
Motor
Rail

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16
Q

Major international cargo air carriers

A

United airline
Japan airlines
Singapore airlines

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17
Q

Strategic channel intermediaries

A 
Foreign freight forwarders 
Non vessel operating common carriers
Export management companies
Export trading companies
Custom house brokers
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18
Q

Vertical relationships(buyer-seller)

A

Linkage between firms in the supply chain such as retails distributors manufacturers, parts and material s suppliers

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19
Q

Horizontal relationship (cooperating

A

Business agreements between firms that have parallel positions in the logistics process

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20
Q

Range of relationships

A

Transactional collaborative strategic

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21
Q

Transactional

A

Arms length

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22
Q

Collaborative

A

Strategic alliance

Modify business objectives and practices to achieve long term goals and objectives

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23
Q

Opposite of collaboration

A

Compete

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24
Q

When might you use a 3pl that is expensive

A

When they can reach people you cannot

25
Q

What is a 3pl

A

Third party logistics firm , external supplier that performs all or part of a company’s logistics functions

26
Q

What does a 4pl do

A

Manage the 3pls you have

27
Q

Types of 3pls

A

Forwarder based
Information based firms
Transportation based
Warehouse/distribution based

28
Q

Why might a firm not use a 3pl

A

Logistics is a core competency at their firm
It wouldn’t save cost
Loss of control

29
Q

Two basic supply chain relationships

A

Vertical and horizontal

30
Q

The seven immutable laws of collaborative logistics

A

….

31
Q

If jobs get outsourced what should you do

A

Learn a new skill set

32
Q

Performance categories

A

Time
Quality
Cost
Supporting metrics

33
Q

5 categories of metrics

A 
Reliability 
Responsiveness
Flexibility
Cost
Assets
34
Q

What’s oct

A

Order cycle time

35
Q

Information must be

A 
Accessible
Relevant
Accurate
Timely 
Transferable
36
Q

Lifeline of business

A

Information

37
Q

6 drivers of supply chain excellence

A 
Connectivity
Visibility
Collaboration
Optimization
Execution
Speed
38
Q

Supply chain software categories

A 
Business intelligence 
Supply chain...
Execution
Planning
Event management
39
Q

ERP

A

Enterprise resource planning

Business process management software with integrated applications to manage business and do other office task related to tech, service, and hr

40
Q

RFID

A

Radio frequency identification

Technology that uses computer chips to track items at a distance

41
Q

Second busiest port in the u.s

A

Long beach

42
Q

ERP examples

A

Oracles people soft
Microsoft dynamics
SAP

43
Q

Which is easier generating revenue or saving cost

A

Saving cost

44
Q

What financial statement is warehousing on

A

Balance sheet if you own it

Income statement if you rent or lease it

45
Q

17th busiest port in the world

A

Los Angeles

46
Q

15th busiest port in the world

A

Baltimore

47
Q

Pmp

A

Project management professional

48
Q

Examples of ERP being used

A 
Redbox
Animals
Ups for tracking
Ez pass for cars 
Disney tickets
49
Q

Certification for SAP

A

Terp certification

50
Q

Bull whip effect

A

A ripple effect where suppliers think sales are increasing when that is not really the case

51
Q

Examples of 3pls

A 
C.h. Robinson
J.b. Hunt
Penske
Ryder
Mackey industries
52
Q

Users of 3pls

A

G.m.
Procter and gamble
Walmart

53
Q

Baltimore exports and imports

A

Exports :coal,waste paper, automobiles

Imports: farm/construction machines, automobiles

54
Q

Top u.s. Ports in order

A

L.a., long beach, N.Y.

55
Q

Contracting

A

Bringing in outside people to do work

56
Q

Outsourcing

A

I.e. Maintenance I. The towers

Done internally by an outside group

57
Q

Greatest impact on balance sheet

A

10% decrease in inventory

58
Q

Impacts balance sheet and income statement

A

Inventory

59
Q

Transportation expense on balance sheet

A

…

60
Q

3 busiest port in the world

A

Shanghai, ningbo zhousan, Singapore

Intro To Logistics (3 decks)

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