Chapter 3 Flashcards
(27 cards)
What is supply chain management?
The management of the flow of goods and services across various companies involved in the supply chain
Supply chain management involves planning, implementing, and controlling operations related to the supply chain.
What are the two types of storage in supply chains?
Centralized storage and decentralized storage
Centralized storage consolidates inventory in one location, while decentralized storage distributes inventory across multiple locations.
What is the difference between a production warehouse and a distribution warehouse?
A production warehouse holds raw materials and finished goods, while a distribution warehouse ships goods to customers
Production warehouses are focused on the manufacturing process, whereas distribution warehouses focus on logistics.
What is a central warehouse?
A warehouse that holds centralized inventory for a large region
Central warehouses help maintain low inventory levels while serving wider areas.
What is the function of a dedicated warehouse?
Holds goods for one client only
Dedicated warehouses provide tailored services for specific clients.
What are the three stages goods go through while moving through the supply chain?
Movement, transformation, and storage
These stages refer to the transportation, production, and storage processes respectively.
What are the four basic warehouse functions that add value?
- Break bulk
- Storage
- Consolidation
- Customization
Each function serves to improve efficiency and customer service.
What is inbound handling?
The process of identifying, storing, labeling, and registering goods in the system
Inbound handling ensures goods are ready for customer orders.
What is wave planning in warehousing?
An administrative process that generates tasks for replenishing, picking, and shipping
Wave planning organizes orders that are scheduled to depart at the same time.
What is the purpose of task generation in warehousing?
To create tasks for warehouse operations, distinguishing between simple and compound tasks
Simple tasks involve individual pallet moves, while compound tasks group related tasks together.
What does VAL stand for?
Value Adding Logistics
VAL services enhance the product’s value during the supply chain process.
What is cross-docking?
The transfer of received goods directly to the shipping dock without put-away
Cross-docking is efficient for fast-moving products.
What is a private warehouse?
A warehouse operated by the owner of the goods
Private warehouses cater exclusively to the owner’s inventory needs.
What is the ABC classification in warehousing?
A method that assigns products based on popularity: A for fast-moving, B for medium, and C for slow-moving
This classification helps in efficient storage and retrieval.
What does FIFO stand for?
First In, First Out
FIFO is a method used to ensure older stock is sold before newer stock.
What is the role of the warehouse management system (WMS)?
To manage inventory allocation, task generation, and replenishment processes
WMS optimizes warehouse operations through real-time data management.
What is the significance of service level agreements (SLA) in warehousing?
They define performance targets for services provided by the warehouse
SLAs ensure that the expectations of clients are met consistently.
What are the three dimensions of service level measurement?
- Responsiveness
- Accuracy
- Flexibility
These dimensions help assess warehouse performance.
What is the difference between inbound and outbound handling?
Inbound handling deals with receiving goods, while outbound handling involves shipping goods to customers
Both are crucial for maintaining the flow of goods in a warehouse.
What is the purpose of the replenishment process?
To move goods from bulk locations to pick locations in the warehouse
Replenishment ensures that pick locations have sufficient stock for order fulfillment.
What is a public warehouse?
A warehouse that holds goods for multiple clients
Public warehouses offer flexible storage solutions for various businesses.
What does Planned CD require?
Knowing upfront which goods are to be received in a shipment
What is the process before the arrival of the trucks in Planned CD?
Goods are allocated to outbound orders
What is crucial to ensure between the arrival of the inbound truck and the departure of the outbound trucks?
Sufficient time
