Week 1 Logistics Overview

Question 1

The design and management of systems for the movement of products from points of production to points of consumption

Answer 1

logistics management

Question 2

• transportation
• warehousing
• materials handling
• inventory planning
• facility location choice
• customer service
• purchasing
• scheduling

Answer 2

Logistics management things

Question 3

What are the 5 major external forces pressuring supply chains

Answer 3

1. globalization
2. technology
3. organization
4. empowered consumer
5. government policy & regulation

Question 4

Of the 5 major external forces pressuring supply chains, which of the 2 are the most powerful

Answer 4

1. globalization
2. technology

Question 5

creates more economic and political risk, shorter product life cycle, and the blurring of traditional organizational boundaries
Which of the 5 major external forces is this ?

Answer 5

globalization

Question 6

*invetory management challenges of globalization faster duplicability of products and services
- faster reduction in demand
- requirement of new pricing policies
- higher risk of obsolescence
* Longer and more complex supply chain challenges in globalization
- growth and increase scope of outsourcing
Which of the five external forces does this apply to?

Answer 6

globalization

Question 7

Is a facilitator of internal process and supply chain transformation. It is also a major force in changing the dynamics of the marketplace.
Which of the five external forces is this?

Answer 7

Technology

Question 8

• the Internet (connected 24/7)
• social networks (impact on customer demand and the speed of information transfers)
  the worlds knowledge pool connection (opportunities for collaboration in supply chains)
  Which of the five major external forces does this relate to?

Answer 8

Technology

Question 9

During the 1980s and especially the 1990s, economic power, and the driving force and supply chain shift from product manufacturer to the retail end of the supply chain
Which of the five major external forces is this?

Answer 9

Organization, consolidation, and power shifts

Question 10

• more collaboration among organizations in supply chains
• win-win, improved services such as: -schedule deliveries, -rainbow pallets -advance, shipments notices shrink wrapped pallets
• sharing of point of sale data to mitigate bullwhip affect
  Which of the five major external forces does this relate to?

Answer 10

Organization, consolidation, and power shifts

Question 11

Consumers are empowered by exponentially expanded access to product sources and related information and increased buying power due to high income levels
Which of the major external forces is this?

Answer 11

Empowered consumers

Question 12

• increased pressures on supply chain due to increase demand at the retail level in terms of
• competitive pricing
• high-quality products and services
• tailored or customize products
• convenience and responsiveness, 24/7 availability with a minimum of wait time
• flexibility, Omni channel distribution strategies
  Which of the five major external forces does this relate to?

Answer 12

Empowered consumers

Question 13

More competitive environment is a result of the deregulation of several important sectors in the United States occurred in the 1980s and 1990s
Which of the five major external forces is?

Answer 13

Government policy and regulation

Question 14

• the transportation industry (expanded services beyond transportation with service providers role, evolving to outsourcing partners)
• the financial sector (more flexible and responsive to customer needs making businesses more cognizant of supply chain management impact on efficiency and cash flow)
• the communications industry (a component of the information revolution leading to dramatic improvements and opportunities, and logistics and supply chain)
  Which of the five major external factors does this apply to?

Answer 14

Government policy and regulation

Question 15

a linked chain from suppliers to end customers

Answer 15

supply chain

Question 16

a typical supply chain may involve many different trading partners, called

Answer 16

stages

Question 17

• suppliers
• producers
• wholesalers
• retailers
• consumers

Answer 17

stages in a supply chain

Question 18

Money tends to flow _____ in the supply chain from buyer to supplier

Answer 18

Upward

Question 19

Product tends to flow ____ in the supply chain from the supplier to the buyer

Answer 19

downward

Question 20

3 activities included in supply chain management

Answer 20

1. coordination
2. information sharing
3. collaboration

Question 21

coordinate the movement of goods, services, and funds thorugh the supply chain
which activity of supply chain management is this ?

Answer 21

coordination

Question 22

share forecasts, point of sale data, promotional campaign plans, and inventory levels
which activity of supply chain management is this ?

Answer 22

information sharing

Question 23

jointly plan, operate, and execute business decisions as one entity
which activity of supply chain management is this ?

Answer 23

collaboration

Question 24

has to do with getting your raw materials into your production facility, or into your manufacturing facility.

Answer 24

materials management
(inbound logistics)

Question 25

delivering them to your customers.

Answer 25

physical distribution
(outbound logistics)

Question 26

materials management + physical distribution =

Answer 26

integrated logistics
(or just logistics)

Question 27

operations + integrated logistics =

Answer 27

supply chain management

Question 28

information typically flowing ____

Answer 28

upstream

Question 29

Is the art and science of integrating the flows of products information and financials through the entire supply pipeline from the suppliers supplier to the customers customer

Answer 29

Supply chain management