MSSC CLA PRACTICE 1|WITH COMPLETE SOLUTIONS|ALREADY GRADED A|DOWNLOAD TO PASS

Supply Chain A network of connected facilities, transportation lanes and information systems Supply Chain Logistics The link betweek facilities within the supply chain and the flow and reverse flow and storage of goods, services and related information Global Supply Chain Logistics The process of moving materials and information across international boundaries within a global network of connected facilities Supply Chain Logistics Life Cycle A product moving through the supply chain logistics process from the beginning to end of a product's life Raw Materials Inventory Materials ready for use in production Work in Process inventory All the materials currently being processed Finished goods inventory All the materials ready for storage or shipment In-transit inventory Products that are in the process of being transported from a supplier to a customer Customer Drives the supply chain logistics process Supply Sourciing and building product inventory Warehouse Distribution Center Focuses on recieving, stocking, order processing and shipping Receiving Identifying goods, inspecting for correct quality and quantity using the bill of lading Stocking Assigning products to the proper location within the warehouse Cross docking Goods are transferred directly from the incoming vehicle to the outgoing vehicle without being placed in storage Order processing Assembling products from various locatins for a specific customer order