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Logistics Management > Warehousing/Distribution > Flashcards

Warehousing/Distribution Flashcards

1
Q

A support function for logistics and plays an important role in attaining the overall objectives of an organization’s supply chain system.

A

Warehousing

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2
Q

A place where inventory is stored.

A

Warehouse

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3
Q

Involves a thorough understanding of how the basic warehouse management functions impact the supply chain

A

Successful warehouse management

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4
Q

Collection of activities.

A

Receiving

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5
Q

This is done in the case when products are received in bulk from a supplier and repacked into single consignments

A

Pre packing

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6
Q

Putting away the inventory received to complement order picking. It can be explained as the physical holding of merchandise while it awaits demand.

A

Storage

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7
Q

Physical selection of the products from their locations after receiving the customer orders.

A

Order picking

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8
Q

This is basically optional which may be done after the picking process.

A

Packaging and / or pricing

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9
Q

When a warehouse stores multiple products, this activity is done.

A

Sortation and / or accumulation

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10
Q

Performance of tasks related to dispatching an order.

A

Packing and shipping

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11
Q

Choosing the best mode of transportation for inflow and outflow.

A

Traffic management

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12
Q

Refers to the overall reduction in the logistical costs by utilizing one of more benefits.

A

Economic

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13
Q

Material from a number of manufacturing plants destined to a particular customer on a single shipment are consolidated and received by the consolidating warehouse which results in reduced transportation cost.

A

Consolidation

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14
Q

Break bulk warehouse sorts or splits individual orders and delivers them locally.

A

Bulk Breaking

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15
Q

This facility is similar to bulk breaking but involves multiple manufacturers.

A

Cross Docking

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16
Q

A warehouse with facilities for light manufacturing activities like packaging and labeling can enable postponement of final production until the exact demand is known.

A

Postponement

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17
Q

Stocks piled in the warehouse act as buffer inventory which help to tide over situations of material constraints and customer demands.

A

Stock Piling

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18
Q

A selected amount of a firm’s product line is placed in a warehouse to fulfill customer orders during a key period of maximum seasonal sales.

A

Spot Stocking

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19
Q

Various product combinations are stocked in an assortment warehouse in anticipation of customer orders.

A

Assortment

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20
Q

Similar to the bulk breaking process with an exception that various different manufacturer shipments are involved.

A

Mixing

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21
Q

Provide a constant supply of and materials for assembly units.

A

Support in production

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22
Q

Refers to having the entire facility under the financial and administrative control of the firm.

A

Private warehouse

23
Q

Complete decision-making authority over all activities in the facility.

A

Control

24
Q

Operation policies and procedures can be formulated and altered to suit individual needs.

A

Flexibility

25
Q

The basic objective of this warehouse is not profit – making, thus the cost aspects are less compared to public warehouses.

A

Cost

26
Q

An intangible benefit is a marketing advantage over other firms.

A

Marketing

27
Q

These are similar to private carriers in transportation service. Services are provided to others by firms that have warehousing space, storage facility, and material handling equipment for their own use and are used a lot in logistical systems.

A

Public Warehouse

28
Q

Major advantage of a public warehouse.

A

Provide financial flexibility and economies of scale.

29
Q

Combine features of both public and private warehouses.

A

Contract Warehouse

30
Q

Deal in all commodities except specialized or commodity items. These can either be public or private

A

General Merchandise warehouses

31
Q

Used for storing perishable items, which are kept at low temperatures to preserve quality.

A

Refrigerated/Cold Storage warehouses

32
Q

A special type of warehouse whereby distributors can produce, transfer and store products without paying excise taxes and duties on them.

A

Bonded warehouses

33
Q

Bring in imported merchandise, store as well as display the merchandise in shops, which sell for export or sell merchandise, which is directly exported.

A

In – bond warehouses

34
Q

These are specialized and handle a specific or a bulk commodity.

A

Special commodity warehouses

35
Q

Warehouses, which combine all the above facilities.

A

Combination warehouses

36
Q

Incurred irrespective of how much or how little throughput is experienced.

A

Fixed costs

37
Q

Vary with the throughput.

A

Variable costs

38
Q

This influences the number and location of warehouses.

A

Nature of product

39
Q

The efficiency of the warehouse operations improves with the availability of suitable infrastructure like roads, utilities water, electricity, communication etc, and labor, the unavailability of which will increase the transportation cost

A

Infrastructure

40
Q

Warehouse is located at a place where there is little accessibility, the transportation costs will escalate.

A

Access

41
Q

The availability of warehouse space.

A

Availability

42
Q

To offer better service to customers, warehouses need to locate in proximity to consumption centers so that frequent deliveries by customers in small quantities can be organized at a limited time.

A

Market

43
Q

To offer better service to customers, warehouses need to locate in proximity to consumption centers so that frequent deliveries by customers in small quantities can be organized at a limited time.

A

Market

44
Q

Government regulations guide the site selection for certain hazardous chemicals, explosives etc.

A

Regulations and local taxes

45
Q

The product mix is directly related to the design and operation of a warehouse. Considerations such as product sales, demand, weight, bulk, packaging etc. needs to be made.

A

Product – Mix Consideration

46
Q

The product mix is directly related to the design and operation of a warehouse. Considerations such as product sales, demand, weight, bulk, packaging etc. needs to be made.

A

Product – Mix Consideration

47
Q

Considerations to be made while planning the layout and operation are:

A

A. Deciding on the receiving and shipping locations.
B. Identify minimum paths for movement of equipment and people, for speedy storage and retrieval.
C. Classifying items as slow, medium and fast and then allocating separate area for these.
D. Placing the material handling systems at their assigned location

48
Q

Determination of warehouse space and design:

A

a) A sales forecast or total tonnage expected is used to estimate the final size of the warehouse required.
b) Warehouse designing is a specialty planning activity usually done by an architect. Specifications like size of warehouse, lay – out, path of material – handling equipment, are required.

49
Q

This is a software solution to control movement and storage of materials within a warehouse, transportation management, order management, and a complete accounting system.

A

Warehouse Management Systems

49
Q

Factors to be considered while initiating warehouse operations:

A
  1. While stocking the warehouse, a complete list of inventory needs to be obtained.
  2. Hiring and training of personnel is an important issue.
  3. The management must ensure that work procedures are developed and also understood by personnel.
  4. Protection against theft of merchandise must be ensured. Adequate security measures to be undertaken by allowing only authorized.
  5. Product deterioration arises from careless storage and non – compatibility among products stored in the same facility.
  6. When firms handle a large number of products it is economical to utilize computers for billing and inventory control.
  7. Accident prevention is an important consideration.
50
Q

Functions like addition of a new purchase order, palletisation, receipt of goods, putting away received goods etc.

A

Inbound

51
Q

Transferring inventory, holding and adjusting inventory, awareness of inventory balances etc.

A

Inventory Management

52
Q

Tasks such as creating an order of shipment, shipping multiple orders, allocation of orders, shipping order status etc.

A

Outbound

Logistics Management (4 decks)

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