Exam3 - FC4 - The flashcards are formatted for printing...

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Pocket BargainFinder Pocket BargainFinder
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A handheld device that looks up critical pricing information for products available online; scan barcodes to find better prices. A “Shopping Bot” or intelligent agent from Anderson Consulting.
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Stock-Out Costs Inventory Control
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When done properly, can save a company hundreds of thousands of dollars, but when done poorly, can suffer from excess inventory carrying costs or “stock out” costs. Loss of sales or good- will; higher depending on expectations (Motel 6 vs. Ritz Carlton).
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Mike Hugos Network Services
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A distribution cooperative for food service, janitorial supplies, and printing paper; biggest account had inventory problems. CIO of Network services who concluded that a continually updated, end-to-end view of the supply chain needed to be created.
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Visibility “SCM-Light”
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System developed by Network Services made up of spreadsheets, a relational database, email, and a few Web pages and Java programs to create visibility in the supply chain; saved the client Information was there, but now you can see what’s going on.
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in excess inventory costs.
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“Clear Enterprise” “Clear Enterprise”
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This note was uploaded on 09/08/2011 for the course ISM 3011C taught by Professor Robertszymanski during the Spring '11 term at University of Central Florida.

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Exam3 - FC4 - The flashcards are formatted for printing...

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