Supply Chain Marketing Exam 1 Chapter 1

Front 1

SAB was established as a 1.________________ of the supply chain organization.
Bought products from major manufactures and sold them to 2._____________ distributers.
Served 3._________ and small size retailers from a 200 mile radius.

Back 1

1. Middle
2. Smaller

Front 2

SAB faced challenges by 1.___________ and other competitors such as 2._________.
To improve the competitive advantage, the company became more 3.________ in the warehouses by reducing 4.________ requirements. Also came us with better 5._______ and then invested in IT which led to higher quality and more timely information.

Back 2

1. Globalization
2. Wal Mart
3. Efficient
4. Inventory
5. Motor

Front 3

1.______________- The ability to do something or produce something without 2.________ materials, time, or energy : the quality or degree of being efficient

Back 3

1. Efficiency
2. Wasting

Front 4

Producing a result that is wanted : having an intended effect is 1.____________

Back 4

1. Effectiveness

Front 5

Five major external forces seem to drive the rate of change and shape our economic and political landscape
1.________
2.________
3.Organizational Consolidation and power shift
4. ___________ consumer
5. _________ Policy and regulation

Back 5

1. Globalization
2. Technology
4. Empowered
5. Government

Front 6

Globalization is a compression of 1.____________ and 2.____________

Challenges with globalization is supply and demand 3.___________ -Such as terrorism, contamination, Natural catastrophes.
4. __________ product life-cycles- Effective inventory management.
5. Blurring of organizational 5.__________.- Outsourcing

Back 6

1. Time
2. Distance
3. Volatility
4. Shorter
5. Boundaries

Front 7

BRIC is a grouping acronym that referred to the countries of 1. B___________, 2. R_______, India and 3._________, which are all deemed to be at a similar stage of newly advanced economic development.

Back 7

1. Brazil
2. Russia
3. China

Front 8

1. V_________, 2. I_________, South 3.________,4. T________, and 5. A___________, is a group of emerging markets that, while are obviously not on the same size level as gigantic nations such as India and China, are large markets that are poised to grow quickly in the coming years. These nations generally have a young growing labor force, political stability, and surging levels of consumption.

Back 8

1. Vietnam
2.Indonesia
3. Africa
4.Turkey
5. Argentina

Front 9

Technology has been a facilitator of change as companies have transformed their 1._____________ of doing things.
2._________ has made information getting a lot easier
3. The world is becoming 3._____________ (undeveloped countries have become enabled and can participate in the global economy.)

Back 9

1. Process
2. Google
3. Flat

Front 10

Outsourcing to less developed countries has been enhanced by 1.___________

Back 10

1. Technology

Front 11

80/20 Rule Says that, 80% of 1.___________ are coming from 2. 20% of 2.________

Back 11

1. Sales
2. Suppliers/Customers

Front 12

Vendor continues to hold all inventory till it sells is called 1.______________ _________ _______________

Back 12

1. Vendor Manage Inventory

Front 13

POS- is the transaction of a 1.________ to a 2._________

Back 13

1. Sale
2. Customer

Front 14

Bullwhip effect is helped by the 1.___ __ __
Bullwhip Effect is the lack of 2.__________ becomes greater as you get further away from the customer. (SEE NOTES FOR DIAGRAM)

Back 14

1. POS
2. Info

Front 15

Demographic changes include:
1._______ Income families- more buying. Want 24/7 service because ppl do not have alot of time.
2.________ parent household- buying power is more less. strapped for time. always dont have the luxuary to drop kids off etc.

Back 15

1. Higher
2. Single

Front 16

Until the 1.19_____'s, transportation was highly 2.________.
Deregulation in 80's is how 3.________ ________ started.

Back 16

1. 70's
2. Regulated
3. Supply Chain

Front 17

60's started the 1.__________ distribution.
80's started the 2.______ _______ management

Back 17

1. physical
2. integrated logistics

Front 18

Cant always focus on how things get to the 1.___________. We must also look at how we can handle 2._______ or fixes in the product.

Back 18

1. End
2. Recalls

Front 19

Throughput time comparison - 1.________ time in 2.__________ and more savings!

Back 19

1. Less
2. Inventory

Front 20

Depending on the industry, 1.________ and 2.________ changes can have a dramatic impact on the way companies do business

Back 20

1. Policy
2. Regulation

Front 21

Started in the 1.) 19_____s with the development of the physical distribution concept
Initial focus on 2._________ distribution or outbound logistics was logical since finished goods
During the 1980s, the logistics or integrated logistics management concept developed in a growing number of organizations
The underlying logic of the 3.__________ or total cost concept was also the rationale for logistics management
Supply chain management can be viewed as a 4.___________or conduit for the efficient and 5. e_________ flow of products/materials, services, information, and financials

Back 21

1.1960's
2. Physical
3. Systems
4. Pipeline
5. Effective

Front 22

Logistics today has integrated the 1.__________ logistics supply chain. where as too before it was split up into inbound and outbound logistics.

Back 22

1. Total

Front 23

Supply Chain Management is the art and science of 1.__________ integrating the flows of products, information and financials through the 2.________ supply pipeline from the supplier's supplier to the customer's customer.

Back 23

1. integrating
2. entire

Front 24

INTEGRATED SUPPLY CHAIN
1.______>> 2._______>>3._________>> WHOLESALERS>>4._________/Customers

Back 24

1. Suppliers
2. Distributors
3. Manufacturers
4. Retailers

Front 25

4 Supply Chain flows are
1._________- Physical Movement of a product
2.____________- enabling physical flow of products/decision making
3.________- management of working capital
4.___________- detect and understand demand signals/synchronize demand vs. supply

Back 25

1. Product
2. Information
3. Cash
4. Demand

Front 26

If there is longer time intervals between orders, the members of the supply chain were faced with much uncertainty about the level and pattern of demand which usually resulted in 1.________ inventory or stockout costs, a phenomenon known as the 2.________ effect.

Back 26

1. Higher
2. Bullwhip

Front 27

Major supply chain issues include:
1._____ _______ _______-must be prepared for Rapid changes that take place. (EXP Wal Mart and Home Depot during Hurricane Katrina in New Orleans)
2._________- SKU's, transportation requirements, taxes,
3. Inventory 3.________________- Reducing inventory levels to reduce working capital.
4. ______________- technology and communication systems that are available to organizations lead to the collection of storage and vast amounts of data. Use this data to help make company more efficient.
5. __________ and __________- The prevention of sub optimization. Cost and value at the end of the supply chain are very important!
6.________ __________- Internal collaboration or cooperation with marketing, sales, operations or manufacturing/accounting is very important.
7._______ Measurement
8 . ___________- can be a facilitator of change.
9.________- deliver the right product to the right customer, cost, destination.
10.___________- risk of interruptions such as an act of terrorism

Back 27

1. Supply Chain Networks
2. Complexity
3. Deployment
4. Information
5. Cost and Value
6. Organizational Relationships
7. Performance
8. Technology
9. Transportation Management
10. Security