Test 1 Flashcards
Different prospective a of s
Logistics definitions
Inventory,customer,International society of logistics, council of supply chain management
Common culture
Professionals
Dictionary
What is the supply chain profile (flow)
Supplier Manufacturer Wholesaler Retailer Customer
Logistics detention from inventory perspective
Management of materials in motion and at rest
Logistics detention according to customer perspective
7rs
Right…
Product, customer, quantity,condition,place,time,cost
4 subdivisions of logistics
Business
Military
Event
Service
Value added roles of logistics
Form Time Place Quantity Possession
3 main logistics activities
Transportation
Warehousing
Inventory
Other logistics activities
Procurement Customer service Materials handling Parts and service support Reverse logistics
Roa is
Return on assets
Roa= gross profit/assets
What is roi
Return on investment
What are spatial relationships
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
Nodes
Fixed spatial points where goods stop for storage or processing
Links
Represent the transportation network and connect the nodes in the logistics system
Ports
Town or city with a harbor where ships load or unload especially one where customs are stationed
What is nafta
A treaty that Establishes free trade between u.s. Canada, and Mexico
Global transportation options
Ocean (most persuasive , low rates and can carry much)
Air (fast, low rates)
Motor
Rail
Major international cargo air carriers
United airline
Japan airlines
Singapore airlines
Strategic channel intermediaries
Foreign freight forwarders Non vessel operating common carriers Export management companies Export trading companies Custom house brokers
Vertical relationships(buyer-seller)
Linkage between firms in the supply chain such as retails distributors manufacturers, parts and material s suppliers
Horizontal relationship (cooperating
Business agreements between firms that have parallel positions in the logistics process
Range of relationships
Transactional collaborative strategic
Transactional
Arms length
Collaborative
Strategic alliance
Modify business objectives and practices to achieve long term goals and objectives
Opposite of collaboration
Compete
When might you use a 3pl that is expensive
When they can reach people you cannot
What is a 3pl
Third party logistics firm , external supplier that performs all or part of a company’s logistics functions
What does a 4pl do
Manage the 3pls you have
Types of 3pls
Forwarder based
Information based firms
Transportation based
Warehouse/distribution based
Why might a firm not use a 3pl
Logistics is a core competency at their firm
It wouldn’t save cost
Loss of control
Two basic supply chain relationships
Vertical and horizontal
The seven immutable laws of collaborative logistics
….
If jobs get outsourced what should you do
Learn a new skill set
Performance categories
Time
Quality
Cost
Supporting metrics
5 categories of metrics
Reliability Responsiveness Flexibility Cost Assets
What’s oct
Order cycle time
Information must be
Accessible Relevant Accurate Timely Transferable
Lifeline of business
Information
6 drivers of supply chain excellence
Connectivity Visibility Collaboration Optimization Execution Speed
Supply chain software categories
Business intelligence Supply chain... Execution Planning Event management
ERP
Enterprise resource planning
Business process management software with integrated applications to manage business and do other office task related to tech, service, and hr
RFID
Radio frequency identification
Technology that uses computer chips to track items at a distance
Second busiest port in the u.s
Long beach
ERP examples
Oracles people soft
Microsoft dynamics
SAP
Which is easier generating revenue or saving cost
Saving cost
What financial statement is warehousing on
Balance sheet if you own it
Income statement if you rent or lease it
17th busiest port in the world
Los Angeles
15th busiest port in the world
Baltimore
Pmp
Project management professional
Examples of ERP being used
Redbox Animals Ups for tracking Ez pass for cars Disney tickets
Certification for SAP
Terp certification
Bull whip effect
A ripple effect where suppliers think sales are increasing when that is not really the case
Examples of 3pls
C.h. Robinson J.b. Hunt Penske Ryder Mackey industries
Users of 3pls
G.m.
Procter and gamble
Walmart
Baltimore exports and imports
Exports :coal,waste paper, automobiles
Imports: farm/construction machines, automobiles
Top u.s. Ports in order
L.a., long beach, N.Y.
Contracting
Bringing in outside people to do work
Outsourcing
I.e. Maintenance I. The towers
Done internally by an outside group
Greatest impact on balance sheet
10% decrease in inventory
Impacts balance sheet and income statement
Inventory
Transportation expense on balance sheet
…
3 busiest port in the world
Shanghai, ningbo zhousan, Singapore
