MKT 3353: Supply Chain Management - Exam 1
MKT 3353: Supply Chain Management - Exam 1
Study online at quizlet.com/_fmz1u
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
Study online at quizlet.com/_fmz1u
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