Management process of determining what an organization needs to do and how best to get it done. Show
Mission statement- defining company Goals: long term broad goals Objectives: specific short term, objectives such as sales, profit, website visits, customers. Purpose of setting goals Steps in decision making Students also viewed"Land bridge" concept may apply for international shipments where oceans are separated by a large land mass. For example, containers moving from Japan to Europe may dock at Long Beach, CA, transfer the containers to a railroad, and reload the containers onboard another ship in Norfolk, VA., continuing on to a European port. Today, containers supply the major portion of break-bulk overseas shipping. There are several advantages to containerized shipping: reduced loading times allow more efficient use of equipment; shorter transit times and reduced pilferage and damage; and, savings from using less packing materials and insurance. Containers have disadvantages: containers cannot be handled at every port, limiting the number of shipping routes available; difficulty in finding cargo for container backhaul; and, carriers at origin and destination are not always able to use the speed available in loading and unloading containers. Examples of the savings available from combining modes are: maritime bridges, use of double-stack trains, and, air/sea combinations to ship high-value-to-weight items from the Far East to Europe by way of the West Coast of the U.S. The container can be transferred from carrier to carrier and mode to mode. Less commodity handling reduces handling costs, damage costs, theft and pilferage, and the time to complete modal transfer. Less labor is required because the container is too large and heavy for manual movement. Containerization is important to international distribution by reducing the time and cost associated with shipment handling and storage at ports, and damage and theft. Today, containers supply the major portion of break-bulk overseas shipping. There are several advantages to containerized shipping: reduced loading times allow more efficient use of equipment; shorter transit times and reduced pilferage and damage; and savings from using less packing materials and insurance. Incoterms define which of the following combinations of responsibilities in a shipment? 1) Ownership and risk for the goods shipped, 2) preparation of customs documentation for international movement, and 3) payment of insurance. 1) Cost of transporting the goods, 2) payment terms, and 3) who loads the freight container. 1) Cost of transporting goods, 2) ownership and risk for the goods shipped, and 3) preparation of customs documentation for international movement. 1) Cost of transporting the goods, 2) who loads the freight container, and 3) the price of the goods. Upgrade to remove ads Only ₩37,125/year
Terms in this set (43)Supply Chain is the network of all the activities involved in delivering a finished product/service to the customer Sourcing of: raw materials, manufacturing & assembly, warehousing, order entry & tracking, distribution, delivery Supply Chain Management is the vital business function that coordinates and manages all the activities of the supply chain. Coordinates movement of goods through supply chain from suppliers to manufacturers to distributors Supply Chain Management "Supply Chain Management encompasses the planning and management of all activities involved in sourcing and procurement, conversion, and all Logistics Management activities. Importantly, it also includes coordination and collaboration with channel partners, which can be suppliers, intermediaries, third-party service providers, and customers. In essence, Supply Chain Management integrates supply and demand management within and across companies." Logistics "Logistics is the part of the supply chain process that plans, implements, and controls the efficient, effective forward and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption in order to meet customers' requirements." Components of a Supply Chain for a Manufacturer External Suppliers Internal Functions External Suppliers source of raw material Tier one supplier supplies directly to the processor Internal Functions Processing, purchasing, planning, quality, shipping Components of a Supply Chain External
Distributors - transport finished products to appropriate locations Logistics includes: Supply Chains for Service Orgs Services
are similar (to manufacturers) External Distributors Sourcing Issues Vertical integration - a measure of how much of the supply chain is owned or operated by the manufacturer Backward integration - owning or controlling of
sources of raw material and components Insourcing vs. Outsourcing Is product/service technology critical to firm's success? Developing Supplier Relationship A strong supplier base is critical to the success of many organizations Top three criteria for choosing suppliers Note: Choice of suppliers must be consistent with a company's mission. Expectations & Competition SCM must consider the following trends, improved capabilities, & realities: Consumer Expectations and Competition Consumer Expectations and Competition power has shifted to the consumer (search & transaction) Globalization capitalize on emerging markets Government Regulations and E-Commerce issues of Internet government regulations Green Supply Chain Management recycling, sustainable eco-efficiency, and waste minimization Global SCM Factors Managing extensive global supply chains introduces many complications Major Issues Affecting SCM Information Technology Information Technology enablers include the Internet, Web, EDI, intranets and extranets, bar code scanners, and point-of-sales demand information E-commerce and e-business uses internet and web to transact business Business-to-business (B2B) E-commerce businesses selling to/buying from other businesses Business-to-Business (B2B) Evolution 1970's Automated order entry
systems 1970'sElectronic Data Interchange (EDI 1990'sElectronic Storefronts On-line catalogs 1990'sNet Marketplaces Benefits of B2B E-Commerce Lower procurement administrative costs Types of E-Commerce Business-to-Consumer (B2C) on-line businesses sell to individual consumers: Advertising Revenue Model Provides users w/information on services & products; provides opportunity for suppliers to advertise Subscription Revenue Model Web site charges a subscription fee for access to the site Transaction Fee Model Company receives a fee for executing a transaction Sales Revenue Model A means of selling goods, information, or service directly to customers Affiliate Revenue Model Companies receive a referral fee for directing business to an affiliate Intranets An organization's internal networks Extranets Intranets linked to the Internet for suppliers and customers to interact within their system. The Bullwhip Effect the inaccurate or distorted demand information created in the supply chain Causes generated by Results in Counteracting the Bullwhip Effect 1.Change the way suppliers forecast product demand by making this information available at all levels of the supply chainShare real demand information (POS terminals) 2.Eliminate order batching 3.Stabilize pricing 4.Eliminate gaming Warehouses have three roles Transportation consolidation - warehouses consolidate less-than-truckload (LTL) quantities into truckload (TL) quantities Product mixing - warehouse value added customer service of grouping a variety of products into a direct shipment to the customer Services - are offered can improve customer service by moving goods closer to the customer and thus reducing replenishment time Crossdocking Eliminates the storage (customer is known) and order-picking functions of a distribution warehouse while still performing the receiving and shipping functions. 4 types: Manufacturing, Distributor, Transportation, Retail Examples: Home Depot, Wal-Mart, FedEx Supply Chain Performance Metrics Traditional measures Additional measures Traditional measures Return on investment Additional measures Customer service levels
Warehouses involved in supply chain distributions include Plant warehouses Warehouses can either be General - used for long-term storage Radio Frequency Identification Technology (RFID) automated data collection technology which relies on radio waves to transfer data between reader and RFID tag Third-party Service Providers ease of developing an electronic storefront has allowed the discovery of suppliers from around the world Students also viewedOperations Management- Supply Chain18 terms marisacorbitt Chapter 4 ops management11 terms mhardwick9 Operations Management Ch. 15: Logistics, distribut…15 terms Shannon_Kerns Quiz 15: Using Technology to Manage Business Infor…13 terms jackelyn9191PLUS Other sets by this creatorSPN Oral Exam Review12 terms laurel_carey7 BLA: Chapter 7: Business Law12 terms laurel_carey7 BLA: Chapter 4: Intellectual Property Right10 terms laurel_carey7 BLA Chapter 3: Tort Law and Product Liability30 terms laurel_carey7 Recommended textbook solutions Information Technology Project Management: Providing Measurable Organizational Value5th EditionJack T. Marchewka 346 solutions Information Technology Project Management: Providing Measurable Organizational Value5th EditionJack T. Marchewka 346 solutions
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Information Technology Project Management: Providing Measurable Organizational Value5th EditionJack T. Marchewka 346 solutions Other Quizlet setsGeog 81 Midterm38 terms zoehutcher Psych exam 1111 terms gasparma2021 Competition Policy12 terms Ria_Jesrani (final 25) Anabolism: intro and CO2 fixation47 terms Judith_Yan Which term is used for the movement of product from one location to another as it makes its way from the beginning of a supply chain to the customer's hands?Transportation refers to the movement of product from one location to another as it makes its way from the beginning of a supply chain to the customer.
What type of logistics is it called when products and materials are moved from suppliers to the factory?Inbound logistics processes move inventory, raw materials, or supplies from a supplier to a business; outbound logistics, on the other hand, move finished products from a business to the end customer or user.
What is the process of moving goods and services from the product producers?Supply chain management is the handling of the entire production flow of a good or service — starting from the raw components all the way to delivering the final product to the consumer.
Is the process of coordinating and moving material and other resources from one location to another?Logistics is used more broadly to refer to the process of coordinating and moving resources – people, materials, inventory, and equipment – from one location to storage at the desired destination.
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The planning and moving of materials and goods from one place to the next is known as Quizlet
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