LOGISTICS MANAGEMENT MIDTERM NEW EXAM QUESTIONS AND
CORRECT ANSWERS FOR TOP PERFORMANCE
What is supply chain
a system of organizations, people, activities, information, and resources
involved in moving a product or service from supplier to customer
stages
different trading partners in supply chain
stages involved in supply chain
- suppliers
- producers
- wholesalers
- retailers
- consumers
SCM activated include
- coordination
- information sharing
- collaboration
SCM coordination
coordinate the movement of goods, services, and funds through the supply chain
SCM info sharing
share forecast, point of sale data, promotional campaign plans, and inventory
levels
SCM collaboration
jointly plan, operate, and execute business decisions as one entity
the evolution of supply chain
In the 60s, supply chain was very fragmented, separated by all different duties.
In the 1980's, they started to merge together towards integrated logistics, today
we know it as supply chain management
integrated supply chain
the art and science of integrating the flows of products, information and
financials through the entire supply pipeline from the supplier's supplier to the
customer's customer
external forces
- globalization
- technology
- organizational consolidation
, - empowered consumer
- government policy and regulation
outsourcing
obtaining a good or service from an outside or foreign supplier
offshoring
basing process or service overseas
nearshoring
transfer to a nearby country
reshoring
reintroducing domestic manufacturing
friendshoring
Aligning supply chain networks with political and economic allies.
logistics has 4 major subdivisions
- business logistics
- military logistics
- event logistics
- service logistics
business logistics
Part of supply chain that plans, implements, and controls the flow and storage of
goods, services, and related information.
military logistics
The design and integration of all aspects of support for the operational
capability of the military forces and their equipment to ensure readiness,
reliability, and efficiency
event logistics
The network of activities, facilities, and personnel required to organize,
schedule, and deploy the resources for an event to take place and to efficiently
withdraw after the event.
service logistics
The acquisition, scheduling, and management of the facilities/assets, personnel,
and materials to support and sustain a service operation or business.
value added roles of logistics - economic utility
form, time, place, quantity, possession
steps in a supply chain network design
1. define the supply chain network design process
2. perform a SC audit
3. examine SC network alternatives
4. Conduct a facility location analysis
5. make decisions regarding network and facility location
6. develop an implementation plan
major locational determinants
- Labor Climate
- Quality of Life
CORRECT ANSWERS FOR TOP PERFORMANCE
What is supply chain
a system of organizations, people, activities, information, and resources
involved in moving a product or service from supplier to customer
stages
different trading partners in supply chain
stages involved in supply chain
- suppliers
- producers
- wholesalers
- retailers
- consumers
SCM activated include
- coordination
- information sharing
- collaboration
SCM coordination
coordinate the movement of goods, services, and funds through the supply chain
SCM info sharing
share forecast, point of sale data, promotional campaign plans, and inventory
levels
SCM collaboration
jointly plan, operate, and execute business decisions as one entity
the evolution of supply chain
In the 60s, supply chain was very fragmented, separated by all different duties.
In the 1980's, they started to merge together towards integrated logistics, today
we know it as supply chain management
integrated supply chain
the art and science of integrating the flows of products, information and
financials through the entire supply pipeline from the supplier's supplier to the
customer's customer
external forces
- globalization
- technology
- organizational consolidation
, - empowered consumer
- government policy and regulation
outsourcing
obtaining a good or service from an outside or foreign supplier
offshoring
basing process or service overseas
nearshoring
transfer to a nearby country
reshoring
reintroducing domestic manufacturing
friendshoring
Aligning supply chain networks with political and economic allies.
logistics has 4 major subdivisions
- business logistics
- military logistics
- event logistics
- service logistics
business logistics
Part of supply chain that plans, implements, and controls the flow and storage of
goods, services, and related information.
military logistics
The design and integration of all aspects of support for the operational
capability of the military forces and their equipment to ensure readiness,
reliability, and efficiency
event logistics
The network of activities, facilities, and personnel required to organize,
schedule, and deploy the resources for an event to take place and to efficiently
withdraw after the event.
service logistics
The acquisition, scheduling, and management of the facilities/assets, personnel,
and materials to support and sustain a service operation or business.
value added roles of logistics - economic utility
form, time, place, quantity, possession
steps in a supply chain network design
1. define the supply chain network design process
2. perform a SC audit
3. examine SC network alternatives
4. Conduct a facility location analysis
5. make decisions regarding network and facility location
6. develop an implementation plan
major locational determinants
- Labor Climate
- Quality of Life
