Supply Chain Exam 4

  1. A computer based tool for collecting, storing, retrieving, and displaying demographic data on maps
    Geographic information system(GIS)
  2. Small factory with a narrow product focus, located near major markets
  3. Technique for evaluating location choices in economic terms
    Locational cost-profit-volume analysis
  4. General Approach to evaluating locations that includes quantitative and qualitative inputs
    Factor rating
  5. Method for locating a distribution center that minimizes distribution cost.
    Center of Gravity method
  6. A sequence of organizations - their facilities, functions, and activities - that are involved in producing and delivering a product or service
    Supply chain
  7. The strategic coordination of the supply chain for the purpose of integrating supply and demand management.
    Supply chain management
  8. The part of a supply chain involved with the forward and reverse flow of goods, services, cash, and information
  9. Series of steps that begin with a request for purchase and end with notification of shipment received in satisfactory condition
    Purchasing cycle
  10. Purchasing is handled by one special department
    Centralized purchasing
  11. Individual departments or separate locations handle their own purchasing requirements
    Decentralized purchasing
  12. The use of electronic technology to facilitate business transactions
  13. Evaluating the sources of supply in terms of price, quality, reputation, and service
    Vendor analysis
  14. A supply chain initiative that focuses on information sharing among supply chain trading partners in planning, forcasting, and inventory replenishment.
    Collaborative Planning, Forcasting, and Replenishment (CPFR)
  15. Two or more business organizations that have complementary products or services join so that each may realize a strategic benefit
    Strategic Partnering
  16. The speed at which goods move through a supply chain
    Inventory Velocity
  17. Inventory oscillations become progressively larger looking backward through the supply chain.
    Bullwhip effect
  18. Vendors monitor goods and replenish retail inventories when supplies are low
    Vendor-managed inventory (VMI)
  19. The processes involved in responding to customer orders
    Order fulfillment
  20. The movement of materials, services, cash, and information in a supply chain
  21. Overseeing the shipment of incoming and outgoing goods.
    Traffic Management
  22. A technology that uses radio waves to identify objects such as goods in supply chains
    Radio frequency identification (RFID)
  23. The outsourcing of logistics management
    Third-party logistics (3-PL)
  24. The process of transporting returned items
    Reverse logistics
  25. Screening returned goods to prevent incorrect acceptance of goods
  26. Finding ways to minimize the number of items that are returned.
  27. A manufacturer controls both the forward and reverse shipment of product.
    Closed-loop supply chain
  28. The speed at which information is communicated in a supply chain
    Information velocity
  29. A major trading partner can connect to its supply chain to access data in real time.
    Supply chain visibility
  30. The ability to detect and respond to unplanned events
    Event management
  31. The percentage of demand filled from stock on hand
    Fill rate
  32. Analyzing the procurement process to lower costs by reducing waste and non-value-added activities, increase profits, reduce risks, and improve supplier performance
    Strategic Sourcing
  33. A technique whereby goods arriving at a warehouse from a supplier are unloaded from the supplier's truck and loaded onto outbound trucks, thereby avoiding warehouse storage
  34. Production of standard components and subassemblies, which are held until late in the process to add differentiating features.
    Delayed differentiation
  35. Reducing one or more steps in a supply chain by cutting out one or more intermediaries
Card Set
Supply Chain Exam 4
chapter 8, 8S, 11