MSSC CLA Practice 1 ()

MSSC CLA PRACTICE 4 (2023) Container Security Initiatives (CSI) - Answer-An international shipping programs formed to protect cargo containers from terrorism Reverse Logistics - Answer-Concerned with the return of goods from the customer Green logistics - Answer-An example is returning a product using the packaging it came in Asset recovery - Answer-Selling items to a secondary market, Reselling unsold items at a lower cost and Repairing items for resale Regulatory processes - Answer-Help companies make their products more sustainable Push - Answer-A retail store uses this inventory system, production orders begin upon inventory reaching a certain level Push/Pull Hybrid - Answer-A retail store where you can also customize your order Pull - Answer-Production begins based on demand (forecasted or actual demand). A problem when there is too much inventory - Answer-Products can go out of style or become obsolete while sitting on shelves Inventory - Answer-Total merchandise, raw materials, and products that haven't been sold yet Cycle counting - Answer-Counting groups of inventory throughout the year JIT (Just in time) - Answer-having the right material at the right time at the right place and in the exact amount Procurement Team - Answer-Selects suppliers and manages contracts Forecasting - Answer-Determining how much material is needed and when it will be needed Where RFID is used - Answer-Stocking, Shipping, Receiving, Order Processing Intranet - Answer-A company's internal network DRP (Distribution Requirements System) - Answer- Continues...