MKT 3353: Supply Chain Management - Exam 1

Topics: Supply chain management, Supply chain, Logistics Pages: 14 (1528 words) Published: October 20, 2013
MKT 3353: Supply Chain Management - Exam 1
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1.
Government
Policies &
Regulation
2.
Globalization
3.
Empowered
Customers

The external components driving the change to cause businesses to focus more on Supply Chain Management

Bareboat
(Demise
Charter)

Transfers full control of the vessel to the charterer. Charterer is then responsible for the ship and all expenses necessary for the vessels operation including hiring the crew.

Belly Cargo

Airfreight that travels along in baggage holds of scheduled passenger flights. Only a few major airlines have all-freight aircrafts that carry goods and other airfreight.

Bonded
Warehouse

1. Goods can be stored in a bonded warehouse for up to 3 years 2. Warehouses operated under customs supervision, designated by US secretary of treasury for purpose of storing, repacking, sorting, or cleaning imported merchandise entered for warehousing without paying import duties while the goods are in storage

Bullwhip
Effect

An observed phenomenon in forecast driven distribution channels referring to a trend of larger and larger swings of inventory in response to changes in demand as one looks at firms further back in the supply chain of a product. Occurs usually in longer intervals between orders in a supply chain causing a level of uncertainty in pattern level of demand

Business
Logistics

The part of the supply chain process that plans, implements, and controls the efficient, effective flow and storage of goods, service, and related information from point of origin to point of consumption in order to meet customer requirments

Cabotage
Restrictions

Restrictions that prevent foreign trucking companies from hauling intracountry shipments in all three countries (US, Canada, Mexico)

8.

Collabortion

The most important requirement in creating a successful supply chain network

9.

Complexity

Key issue in SCM that involves valuating processes, training people, and exploring technology

Custom
House
Brokers

Oversee the movement of goods through customs and ensure that the documentation accompanying a shipment is complete and accurate for entry into the country

Dynamic
Analysis

Same as Short-Run analysis but over a long period of time or range of output

12.

EMC

Export Management Company supplies the expertise such firms need to operate in foreign environments

13.

ETC

Export Trading company exports goods and services.

Event
Logistics

The network of activities, facilities, and personel required to organize, schedule, and deploy the resources for an event to take place and to efficiently withdraw after the event

Focused
Production

When a given plant produces one or two items of the company's total product line. Usually the plants are located in two different countrys

Foreign
Freight
Forwarder

Employs individuals who are knowledgeable, in all aspects of international shipping supplies its experts to small international shippers that find employing such individuals in their shipping departments uneconomical.

Form Utility

Type of utility that adds value to a product or service through manufacturing or assembly

General
Trading
Company

Trading company that engages in aspects of global trade.

Hold-OnDock Storage

Allows shipper to consolidate goods and to save storage costs

1.

2.

3.

4.

5.

6.

7.

10.

11.

14.

15.

16.

17.
18.

19.

In Bond

Carrier that seals the trailer at its origin and does not open it again until it reaches it's destination country. Used in motor transportation.

In-Transit
Storage Area

Allow the shipper to perform some required operation on the cargo before embarkation

22.

Links

Represent the transportation network and connect the nodes in the logistics systems. Network can be composed of certain individual forms of transportation (motor, air, pipeline) and/or...
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