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10 Cards in this Set
- Front
- Back
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Define outsourcing |
Contracts outside firm to perform services, operations, business procedures done previously in-house. Outside party. As long as do services/operations. |
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Define offshoring |
Strategy move manufacturing out of "home" country to another country. Outside country. Ford offshores to Ford factories outside of US. |
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Define business process outsourcing |
Outsourcing services like: acctg, human resources, customer service activities--call centers, customer chat, back office activities. IBM helps companies around world. |
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Define contract manufacturers |
Company produces goods on behalf of other organization. Apple designs, Foxconn makes |
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Define near sourcing |
Offshoring/offshore and outsource, location of manufacturing close to the consumer
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Define 3PL |
3rd party logistics company Perform 1+ logistics function for client. Shipping, import/export, warehouse, distr, containers, transport, package, etc. Help with logistics |
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Define freight forwarder |
Contractor: comapny/person, helps to ship goods from one point in SC to other. Not actually transport. Help figure out how to move. Negotiate with logistics companies. |
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Define customs house broker |
Contractor: company/person, helps client's goods clear customs in foreign country. Acts as agent. Before goods prep docs, during inspection ask questions. |
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What is C-TPAT? |
Voluntary program. Companies import goods into US. Member organizations super detailed SC partner and actions report --> faster, hassle free customs clearance.
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What is a free trade zone? |
Geographic area sanctioned by gov't. Items not under customs authorities. Never inspected by customs officials. Incentive to keep in country instead of move out. Store display manipulate. |
