Why is port selection so critical?
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Could ultimately determine the success of a global initiative.
• Pick them well and your goods will flow efficiently & seamlessly through
the supply chain.
• Pick them with little forethought and the result may be delays and higher
costs due to port congestion, carrier capacity shortages, and facility
inefficiencies.
What are the comparative advantages of international air transportation?
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, -Fastest mode= Shorter transit time & reduced inventory levels
-Less handling=lower damage rates
-Ideal for high value, fragile, & perishable goods
Why is the trend of near shoring and anchoring taking place?
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With increased global competition & pressure to reduce costs, became
more competitive & innovative, many companies are turning to these based
outsourcing vendors
What types of inventory ordering models exist? (3)
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1) Fixed -Order Quantity
2) Fixed-Time Period
3) Continuous Replenishment
What capabilities does supply chain information technology create? (3)
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1. Configure - support a company's efforts designing their supply chains,
accounting for future alternative operating models/ trade-offs between
different configuration.
2. Optimize - creation and evaluation of optimal plans within the context of
the company's current operating model.
, 3. Respond - support ability to profitably respond to changes in any aspect
of execution in a near-real-time manner.
E Term
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Depature term:
-Requires the least effort, risk, and costs for the seller (the exporter)
-Seller minimizes his risk by only making the goods available at his own
premises
What are the major categories of supply chain software? (5)
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1. Supply Chain Planning*
2. Supply Chain Execution*
3. Event Management & Visibility*
4. Business Intelligence
5. Facilitating tools
What are the advantages of offshore manufacturing?
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-Labor costs are cheaper, quickly rising
-Strengthens competitive advantage
-Able to leverage the comparative advantage of other nations
Give this one a try later!
Could ultimately determine the success of a global initiative.
• Pick them well and your goods will flow efficiently & seamlessly through
the supply chain.
• Pick them with little forethought and the result may be delays and higher
costs due to port congestion, carrier capacity shortages, and facility
inefficiencies.
What are the comparative advantages of international air transportation?
Give this one a try later!
, -Fastest mode= Shorter transit time & reduced inventory levels
-Less handling=lower damage rates
-Ideal for high value, fragile, & perishable goods
Why is the trend of near shoring and anchoring taking place?
Give this one a try later!
With increased global competition & pressure to reduce costs, became
more competitive & innovative, many companies are turning to these based
outsourcing vendors
What types of inventory ordering models exist? (3)
Give this one a try later!
1) Fixed -Order Quantity
2) Fixed-Time Period
3) Continuous Replenishment
What capabilities does supply chain information technology create? (3)
Give this one a try later!
1. Configure - support a company's efforts designing their supply chains,
accounting for future alternative operating models/ trade-offs between
different configuration.
2. Optimize - creation and evaluation of optimal plans within the context of
the company's current operating model.
, 3. Respond - support ability to profitably respond to changes in any aspect
of execution in a near-real-time manner.
E Term
Give this one a try later!
Depature term:
-Requires the least effort, risk, and costs for the seller (the exporter)
-Seller minimizes his risk by only making the goods available at his own
premises
What are the major categories of supply chain software? (5)
Give this one a try later!
1. Supply Chain Planning*
2. Supply Chain Execution*
3. Event Management & Visibility*
4. Business Intelligence
5. Facilitating tools
What are the advantages of offshore manufacturing?
Give this one a try later!
-Labor costs are cheaper, quickly rising
-Strengthens competitive advantage
-Able to leverage the comparative advantage of other nations
