Chapter Summaries 4-6 - CHAPTER SUMMERIES 4-6 Chapter...

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CHAPTER SUMMERIES 4-6 Chapter Summaries 4-6 OMGT 415 Integrative Supply Chain Management Stephen M. Smith Instructor: Max Van Ausdal
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CHAPTER SUMMERIES 4-6 Chapter 4 Chapter 4 is based on ethical and sustainable sourcing. Sourcing strategies are very important in terms of being a socially and an ethically ran organization. Key factors such as cost, quality and customer service are instrumental in an organizations competitive advantage. Chp. 4 Questions: 1. What is a third-party logistics company? a. A firm that supplies logistics and possibly other supply chain management services. Chp 4 pg. 125 2. What is Benchmarking? a. The practice of copying what other business do best Chp. 4 pg. 124 3. What are collaborative negotiations are sometimes referred to? a. Integrative or Win-Win negotiations. Chp 4 pg. 119 4. ___________ allows a supplier to profile demand and determine an accurate forecast, and then ship an order quantity when he inventory levels become low enough.
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