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17 Cards in this Set
- Front
- Back
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Supply Chain
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-The connected chain of all of the business entities, both internal and external to the company, that perform or support the logistics function
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Supply Chain Management
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-The system that coordinated and integrates all supply chain activities
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Supply Chain Integration
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-Multiple firms work together to perform tasks as a single, unified system, rather than as several individual companies acting in isolation
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8 key processes of Supply Chain Mgmt
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1) Customer Relationship mgmt
2) Customer Service mgmt 3) Demand mgmt 4) Order Fulfillment 5) Manufacturing flow mgmt 6) Supplier relationship mgmt 7) Product Development and Commercialization 8) Returns mgmt |
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Logistics info system
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-The link that connects all of the logistics functions of the supply chain
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Sourcing & Procurement
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-The goal of sourcing and procurement activities is to reduce the costs of raw materials and supplies
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Production Scheduling
-Mass customization / Build-to-order |
-A production method whereby products are not made until an order is placed by the customer; products are made according to customer specifications
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Just-In-Time production
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-A process that redefines and simplifies manufacturing by reducing inventory levels and delivering raw materials at the precise time they are needed on the production line
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Order Processing system
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-A system whereby orders are entered into the supply chain and filled
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Electronic Data Interchange (EDI)
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-Used to replace the paper documents that usually accompany business transactions with electronic transmission of the needed information
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Inventory Control system
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-Develops and maintains an adequate assortment of materials or products to meet a manufacturer's or a customer's demands
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Materials Requirement Planning
(MRP) |
-Managing inventory from the supplier to the manufacturer
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Distribution Resource Planning
(DRP) |
-Manages the replenishment of goods from the manufacturer to the final consumer
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Materials-handling system
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-A method of moving inventory into, within, and out of the warehouse
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Transportation is chosen on the basis of:
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-Relative cost
-Transit time -Reliability -Capability -Accessibility -Traceability |
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Outsourcing
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-A manufacturer's or supplier's use of an independent third party to manage an entire function of the logistics system, such as transportation, warehousing, or order processing
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Electronic Distribution
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-Any kind of product or service that can be distributed electronically, whether over traditional forms such as fiber-optic cable or through satellite transmission of electronic signals
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