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27 Cards in this Set
- Front
- Back
SAB was established as a 1.________________ of the supply chain organization.
Bought products from major manufactures and sold them to 2._____________ distributers. Served 3._________ and small size retailers from a 200 mile radius. |
1. Middle
2. Smaller |
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SAB faced challenges by 1.___________ and other competitors such as 2._________.
To improve the competitive advantage, the company became more 3.________ in the warehouses by reducing 4.________ requirements. Also came us with better 5._______ and then invested in IT which led to higher quality and more timely information. |
1. Globalization
2. Wal Mart 3. Efficient 4. Inventory 5. Motor |
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1.______________- The ability to do something or produce something without 2.________ materials, time, or energy : the quality or degree of being efficient
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1. Efficiency
2. Wasting |
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Producing a result that is wanted : having an intended effect is 1.____________
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1. Effectiveness
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Five major external forces seem to drive the rate of change and shape our economic and political landscape
1.________ 2.________ 3.Organizational Consolidation and power shift 4. ___________ consumer 5. _________ Policy and regulation |
1. Globalization
2. Technology 4. Empowered 5. Government |
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Globalization is a compression of 1.____________ and 2.____________
Challenges with globalization is supply and demand 3.___________ -Such as terrorism, contamination, Natural catastrophes. 4. __________ product life-cycles- Effective inventory management. 5. Blurring of organizational 5.__________.- Outsourcing |
1. Time
2. Distance 3. Volatility 4. Shorter 5. Boundaries |
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BRIC is a grouping acronym that referred to the countries of 1. B___________, 2. R_______, India and 3._________, which are all deemed to be at a similar stage of newly advanced economic development.
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1. Brazil
2. Russia 3. China |
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1. V_________, 2. I_________, South 3.________,4. T________, and 5. A___________, is a group of emerging markets that, while are obviously not on the same size level as gigantic nations such as India and China, are large markets that are poised to grow quickly in the coming years. These nations generally have a young growing labor force, political stability, and surging levels of consumption.
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1. Vietnam
2.Indonesia 3. Africa 4.Turkey 5. Argentina |
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Technology has been a facilitator of change as companies have transformed their 1._____________ of doing things.
2._________ has made information getting a lot easier 3. The world is becoming 3._____________ (undeveloped countries have become enabled and can participate in the global economy.) |
1. Process
2. Google 3. Flat |
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Outsourcing to less developed countries has been enhanced by 1.___________
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1. Technology
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80/20 Rule Says that, 80% of 1.___________ are coming from 2. 20% of 2.________
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1. Sales
2. Suppliers/Customers |
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Vendor continues to hold all inventory till it sells is called 1.______________ _________ _______________
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1. Vendor Manage Inventory
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POS- is the transaction of a 1.________ to a 2._________
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1. Sale
2. Customer |
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Bullwhip effect is helped by the 1.___ __ __
Bullwhip Effect is the lack of 2.__________ becomes greater as you get further away from the customer. (SEE NOTES FOR DIAGRAM) |
1. POS
2. Info |
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Demographic changes include:
1._______ Income families- more buying. Want 24/7 service because ppl do not have alot of time. 2.________ parent household- buying power is more less. strapped for time. always dont have the luxuary to drop kids off etc. |
1. Higher
2. Single |
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Until the 1.19_____'s, transportation was highly 2.________.
Deregulation in 80's is how 3.________ ________ started. |
1. 70's
2. Regulated 3. Supply Chain |
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60's started the 1.__________ distribution.
80's started the 2.______ _______ management |
1. physical
2. integrated logistics |
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Cant always focus on how things get to the 1.___________. We must also look at how we can handle 2._______ or fixes in the product.
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1. End
2. Recalls |
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Throughput time comparison - 1.________ time in 2.__________ and more savings!
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1. Less
2. Inventory |
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Depending on the industry, 1.________ and 2.________ changes can have a dramatic impact on the way companies do business
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1. Policy
2. Regulation |
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Started in the 1.) 19_____s with the development of the physical distribution concept
Initial focus on 2._________ distribution or outbound logistics was logical since finished goods During the 1980s, the logistics or integrated logistics management concept developed in a growing number of organizations The underlying logic of the 3.__________ or total cost concept was also the rationale for logistics management Supply chain management can be viewed as a 4.___________or conduit for the efficient and 5. e_________ flow of products/materials, services, information, and financials |
1.1960's
2. Physical 3. Systems 4. Pipeline 5. Effective |
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Logistics today has integrated the 1.__________ logistics supply chain. where as too before it was split up into inbound and outbound logistics.
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1. Total
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Supply Chain Management is the art and science of 1.__________ integrating the flows of products, information and financials through the 2.________ supply pipeline from the supplier's supplier to the customer's customer.
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1. integrating
2. entire |
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INTEGRATED SUPPLY CHAIN
1.______>> 2._______>>3._________>> WHOLESALERS>>4._________/Customers |
1. Suppliers
2. Distributors 3. Manufacturers 4. Retailers |
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4 Supply Chain flows are
1._________- Physical Movement of a product 2.____________- enabling physical flow of products/decision making 3.________- management of working capital 4.___________- detect and understand demand signals/synchronize demand vs. supply |
1. Product
2. Information 3. Cash 4. Demand |
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If there is longer time intervals between orders, the members of the supply chain were faced with much uncertainty about the level and pattern of demand which usually resulted in 1.________ inventory or stockout costs, a phenomenon known as the 2.________ effect.
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1. Higher
2. Bullwhip |
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Major supply chain issues include:
1._____ _______ _______-must be prepared for Rapid changes that take place. (EXP Wal Mart and Home Depot during Hurricane Katrina in New Orleans) 2._________- SKU's, transportation requirements, taxes, 3. Inventory 3.________________- Reducing inventory levels to reduce working capital. 4. ______________- technology and communication systems that are available to organizations lead to the collection of storage and vast amounts of data. Use this data to help make company more efficient. 5. __________ and __________- The prevention of sub optimization. Cost and value at the end of the supply chain are very important! 6.________ __________- Internal collaboration or cooperation with marketing, sales, operations or manufacturing/accounting is very important. 7._______ Measurement 8 . ___________- can be a facilitator of change. 9.________- deliver the right product to the right customer, cost, destination. 10.___________- risk of interruptions such as an act of terrorism |
1. Supply Chain Networks
2. Complexity 3. Deployment 4. Information 5. Cost and Value 6. Organizational Relationships 7. Performance 8. Technology 9. Transportation Management 10. Security |