Answers
Simple Moving Average
forecast is the average of a fixed number of past periods; add past periods and
divide by number of periods
Weighted Moving Average
a forecasting model that assigns a different weight to each period's demand
according to its importance; multiply each period by the assigned weight and add
Supply Chain Functions
forecasting, procurement, purchasing, inventory management, quality control,
distribution, delivery, return processing, customer service
Reefer
temperature controlled containers
Roll on / Roll off
trucks used to transport a wide variety of wheeled cargo from state to state
dunnage
Protective packaging materials placed around cargo to prevent shifting or damage
while in transit, bubble wrap
COFC
Container on Flat Car
TOFC
Trailer on Flat Car
double stack
The practice of placing containers on a railroad car on top of one another.
Models of Transportation
, the various transportation options - such as planes, trains, and railroads - for
moving products through the supply chain
intermodal transportation
two or more transportation modes used in combination
Multimodal transportation
combining two or more modes of transportation
TEU
Twenty-foot equivalent unit; a measure of the number of 20-foot containers that
are used or handled.
100 TEU + 150 FEU =
400 TEU
Safety Stock
the amount of inventory carried in addition to the expected demand
Supplier Base
list of suppliers that a firm uses to acquire its materials, services, supplies, and
equipment
Supplier Tiers
Levels of suppliers in a supply chain.
Types of Inventory
anticipation, pipeline, MRO, WIP, finished goods
Pipeline Inventory
Pipeline Inventory = Lead Time x Demand Rate
MRO
maintenance, repair, and operating supplies
WIP