operacion logistica Flashcards
Possesion Utility
refers to the value or usefulness that comes from a customer being able to take possession of a product
Place Utility
refers to having products available where they are needed by customers; prod ucts are moved from points of lesser value to points of greater value.
Form Utility
refers to a product’s being in a form that can be used by the customer and is of value to the customer
Time Utility
refers to having products available when they are needed by customers
Logistics
that part of supply chain management that plans, implements, and controls the efficient, effective forward and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption in order to meet customers’ requirements.”
Tailores Logistics
Groups of customers with similar logistical needs and wants are provided with logistics service appropriate to those needs and wants.
Supply Chain Management
encompasses the planning and management of all activities involved in sourcing and procurement, conversion, and all logistics management activities. Importantly, it also includes coordination and collaboration with channel partners, which can be suppliers, intermediaries, third-party service providers, and customers. In essence, supply chain management integrates supply and demand management within and across companies.
Supply Chain
All activities associated with the flow and transformation of goods from the raw material stage, through to the end user, as well as the associated information flows.
Demand Forecasting
refers to efforts to estimate product demand in a future time period. The growing popularity of the supply chain concept has prompted increasing collaboration among supply chain partners with respect to demand forecasting. Such collaboration can enhance efficiency by reducing overall inventory levels in a supply chain.
customer service
involves making sure that the right person receives the right product at the right place at the right time in the right condition and at the right cost
Inventory Management
Refers to stocks of goods that are maintained for a variety of purposes, such as for resale to others, as well as to support manufacturing or assembling processes.
Order Management
Refers to management of the activities that take place between the time a customer places an order and the time it is received by the customer. As such, is a logistics activity with a high degree of visibility to customer
Facility Locations Decisions
It can also be said that the success of a particular logistics system is dependent on the location of the relevant warehousing and production facilities. are increasingly important as the configuration of logistics systems is altered due to the impacts of multinational trade agreements.
Reverse Logistics
Products can be returned for various reasons, such as product recalls, product damage, lack of demand, and customer dissatisfaction. The challenges associated with it, can be complicated by the fact that returned products often move in small quantities and may move outside forward distribution channels.
Transportation Management
can be defined as the actual physical movement of goods or people from one place to another, whereas transportation management refers to the management of transportation activities by a particular organization. Transportation can account for up to 50 percent of a firm’s total logistics costs and thus represents the most costly logistics activity in many organizations.
Information
is a body of facts in a format suitable for decision making.
Data
are simply facts recorded measures of certain phenomena
Big Data
the collection of large amounts of near-real-time data collected through a variety of sources, such as sensors, smart phones, RF tags and business-to-business data exchanges.
Transaction procesing system
collects and stores information about transactions; controls some aspects of transactions
communication System
help various stokeholders employees, suppliers, customers work together by interacting and sharing information in many different forms
Global position System
refer to a network of satellites that transmits signals that pinpoint the exact location of an object.
balance scorecard
is a strategic planning and performance management system used extensively in industry, government, and nonprofit organizations. It is based on the belief that management should evaluate their business from four distinct perspectives: customers, internal business processes, learning and growth, and financial results.
strategic profit model
provides the framework for conducting ROA analysis by incorporating revenues and expenses to generate net profit margin, as well as an inclusion of assets to measure asset turnover
Cost leadership strategy
Requires an organization to pursue activities that will enable it to become the low-cost producer in an industry for a given level of quality