Uark Intro to supply chain Exam 1 -Answered
1 goal of logistics - ANSWER-High order fill rates, high on time delivery, low returns
12 common logistics activities - ANSWER-Transportation, storage, industrial packaging,
materials handling, inventory control, order fulfilment, demand forecasting, production
planning/ scheduling, procurement, customer service, facility location, other logistics
activites.
1980 - ANSWER-Birth of the modern supply chain
2nd Goal of Logistics - ANSWER-"Achieve customer satisfaction at the lowest total
cost"
4 pillars of Supply Chain - ANSWER-Human resources
Organizational design
Information and technology
Organizational measurement
4th party logistics - ANSWER-Specialists, general contractors moving product
5 Areas of Supply Chain - ANSWER--Production
-Inventory
-Location
-Transportation
-Information
Clorox- Emma Weaver - ANSWER-Supply chain is the process from a raw material to
the final product
-sourcing, manufacturing, transporting
-based on teamwork, strategic allocation
Cross-docking - ANSWER-avoiding the placement of materials or supplies in storage by
processing them as they are received for shipment
cycle inventory - ANSWER-the average amount of inventory held to satisfy customer
demands between inventory deliveries
Differences in supply chain Vs. Logistics - ANSWER-Supply Chain
-Transforming of raw materials
Logistics
-Movement of materials in whole supply chain
Economic Utility - ANSWER-the amount of satisfaction a person receives from the
consumption of a particular product or service
1 goal of logistics - ANSWER-High order fill rates, high on time delivery, low returns
12 common logistics activities - ANSWER-Transportation, storage, industrial packaging,
materials handling, inventory control, order fulfilment, demand forecasting, production
planning/ scheduling, procurement, customer service, facility location, other logistics
activites.
1980 - ANSWER-Birth of the modern supply chain
2nd Goal of Logistics - ANSWER-"Achieve customer satisfaction at the lowest total
cost"
4 pillars of Supply Chain - ANSWER-Human resources
Organizational design
Information and technology
Organizational measurement
4th party logistics - ANSWER-Specialists, general contractors moving product
5 Areas of Supply Chain - ANSWER--Production
-Inventory
-Location
-Transportation
-Information
Clorox- Emma Weaver - ANSWER-Supply chain is the process from a raw material to
the final product
-sourcing, manufacturing, transporting
-based on teamwork, strategic allocation
Cross-docking - ANSWER-avoiding the placement of materials or supplies in storage by
processing them as they are received for shipment
cycle inventory - ANSWER-the average amount of inventory held to satisfy customer
demands between inventory deliveries
Differences in supply chain Vs. Logistics - ANSWER-Supply Chain
-Transforming of raw materials
Logistics
-Movement of materials in whole supply chain
Economic Utility - ANSWER-the amount of satisfaction a person receives from the
consumption of a particular product or service
