supply chain management - Correct Answer encompasses planning and
management of all activities involved in sourcing and procurement, conversion,
and logistic management activities
logistics management - Correct Answer part of SCM; plants, implements, and
controls the efficient forward and reverses flow and storage of goods, services
and related information between point of origin and point of consumption
customer value - Correct Answer perceived benefits/ total cost of ownership
competitive advantage - Correct Answer value advantage vs cost advantage
logistics - Correct Answer the link between these facilities within the supply chain
material handling logistics - Correct Answer the movement, storage, control and
protection of materials and products throughout the process of their
manufacture, distribution, consumption and disposal
global logistics - Correct Answer the process of moving materials across int'l
boundaries within a global network of connected facilities and transportation
modes
raw materials - Correct Answer materials ready for use
work in process - Correct Answer inventory including all the materials currently
being worked on
finished goods - Correct Answer finished product ready for storage or shipment
basic functions of warehouses/distribution center - Correct Answer receiving,
stocking, order processing, and shipping
receiving - Correct Answer identifying goods, inspecting goods, filling out
receiving reports, dispatching items to the correct location for storage