Idis 240 Exam 1 Vestal 2024 Actual Guide With Real Questions And Answers From The Test;100% Correct

IDIS 240 EXAM 1 VESTAL 2024 ACTUAL GUIDE WITH REAL QUESTIONS AND ANSWERS FROM THE TEST;100% CORRECT OEM Original Equipment Manufacturer - buys the product and "rebrands" to sell as their own with warranty MRO Maintenance Repair Operation - people who fix something with a problem Contractor Person who provides supplies or service under contract Breaking bulk Shipping something in individual components 3PL 3rd Party Logistics Provider - specializes in warehousing and transportation services that customize to customers based on market conditions RFID Radio Frequency Identification Tags What is supply chain management? A management system that coordinates and integrates all the activities performed by supply chain members into a seamless process, from the source to the point of consumption, resulting in enhanced customer and economic value. Why is a supply chain needed? -inadequate finances for certain functions -product assortment -"contact efficiency" What are the 5 specific service outputs -selling the product -inventory on hand -credit extending for customers -transportation to customer's location -servicing such as assembling product Why do distributors have channel power? (3) -they can economically provide the services needed to get the product to the consumer -they can anticipate future trends and future changes -servicing and providing aftermarket support What are the trends benefitting distributors? (4) -information of trends is becoming more valuable -JIT inventory always needs to be ready -mass customization of products -reduction of vendors What are the types of distribution? (3) -Exclusive - one Maserati dealer -Selective - few Rolex dealers -Intensive - many Coca-Cola dealers