MGT 3200 CH 9 Study Guide

MGT 3200 CH 9 Study Guide - Chapter 8 8-6. Define logistics...

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Chapter 8 8-6. Define logistics management Is the movement (transportation ) and storage (warehousing) of products o Selecting model à which method to use (air, ground, rail, water) o Selecting carrier à who is going to take my merchandise (UPS, USPS, Fedex, APL) o More warehousing à increases costs but makes you more efficient 8-7. Describe supply chain opportunities: pull data, VMI, and EDI Pull Data à easy tracking of products (captures sales data quickly) which gives a better share of information between members of the chain and reduces bullwhip effect. VMI à allows the supplier to manage its own inventory on the retail store. VMI needs a good level of trust between the supplier and retailer EDI à is exchanging data electronically on a common language (EX: U.N. conferences need translators for making the message understandable) 8-8. Recognize the challenges of a global supply chain Off shoring à transportation risks (piracy, weather); less control over the product; lead
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MGT 3200 CH 9 Study Guide - Chapter 8 8-6. Define logistics...

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