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QUIZ 2 Flashcards

(58 cards)

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1
Q

traditionally thought of as a place to hold or store inventory

A

Warehousing

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2
Q

Traditionally viewed as basic function that collectively support the handling, identification, and protection of products

A

Materials Handling & Packaging

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3
Q

Has become strategic in nature, taking into consideration significant complexities to efficiently meet customer requirements

A

Warehousing Functionality

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4
Q

fueled by the advent of e-commerce has become a very large and strategic investment for many firms

A

Materials Handling

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5
Q

Simultaneously incorporating both commercial marketing related elements, as well as traditional industrial handling considerations

A

Packaging

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6
Q

Reasons for warehousing:

A
  1. Uncertainty in demand, supply, and/or lead time
  2. Manufacturing economies: production smoothing
  3. Transportation economies: Volume discounts
  4. Customer service support
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7
Q

Warehouses exist to lower total cost or improve customer service

A

Warehouse Requirements

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8
Q

What are the 2 Warehouse requirements?

A
  1. Supply-facing warehouses
  2. Demand-facing warehouses
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9
Q

Facilities used to inbound materials

A

Supply-facing warehouses

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10
Q

Facilities used for customer accommodation

A

Demand-facing warehouses

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11
Q

what are the 3 functionality and justification of warehouses?

A
  1. Procurement
  2. Manufacturing
  3. Customer accommodation
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12
Q

What are the 2 Warehousing Fundamentals: The benefits?

A
  1. Service Benefits
  2. Economic Benefits
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13
Q
  • Operational strategy to add value within the supply chain process
  • Are meant to add value for the customer
A

Service Benefits

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14
Q

Operational strategy to save money by using a storage point

A

Economic Benefits

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15
Q
  • Spot stock near customers (usually seasonal).
  • Full-line stocking (inventory in anticipation of orders)
  • Stocking to support the production facility
A

Stocking strategies

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16
Q
  • Packaging/kitting.
  • Changing product form (example, paper cutting).
  • Sequencing.
  • Drop-shipping (orders shipped directly to customer).
  • Postponement (example. HP Printers)
A

Value- added services (greater value creation)

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17
Q
  • consolidation and break-bulk
  • Sorting (cross-dock)
  • Seasonal Storage
  • Reverse Logistics
A

Economic Benefits

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18
Q

Inventory from multiple locations is received and combined for shipments to customers

A

Example of Consolidation

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19
Q

Large shipments are broken down for smaller deliveries to multiple customer destinations.

A

Example of Break-Bulk

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20
Q

Product from multiple sources is mixed to form orders shipped to multiple customers

A

Example of Cross-Dock

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21
Q

One major difference with a mixing facility is the addition of product already sitting in the warehouse, such as Product D.

A

Example of In-Transit Mixing

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22
Q

Accommodates either seasonal production or seasonal demand

A

Seasonal Storage

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23
Q

2 examples of Seasonal Storage

A
  1. Patio/lawn furniture
  2. Agricultural products
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24
Q

Produced year-round, sold in a short window

Study These Flashcards
A

Patio/lawn furniture

25
produced in season, sold year round
Agricultural product
26
- Returns management - Remanufacturing or repair - Remarketing - Recycling - Disposal - Hazardous materials and government regulation - Product recalls
Reverse Logistic Processing
27
Reverse Logistic Processing
- Returns management - Remanufacturing or repair - Remarketing - Recycling - Disposal - Hazardous materials and government regulation - Product recalls
28
Warehouse ownership arrangements
1. Private 2. Public 3. Contract
29
- Typically operated by the firm owning the product. - Control - Flexibility - Cost - Intangibles
Private
30
- Outsourced warehousing operations on a pay-for service basis - General merchandise - Refrigerated - Special commodity - Bonded - Household goods & furniture
Public
31
- Operated by "niche experts" providing customized service with long-term relationships. - If done correctly, it combines the best of both public and private
Contract
32
At low volumes, public warehouses, which can operate on a per unit basis, are generally more economical
Cost & Volume Relationship
33
To achieve the basic benefits of a warehouse.
Warehouse Decisions
34
Proper planning can ensure desired warehousing efficiencies for warehouse decisions.
1. Site selections 2. Design 3. Product-Mix analysis 4. Expansion 5. Handling 6. Layout 7. Sizing
35
- Improve service level due to reduction of average service time to customers - Increase overhead and set-up costs - Reduce transportation in a certain range - Reduced outbound transporatation costs. - Increase inbound transportation costs. - Increase inventory costs due to a larger safety stock. - Portfolio Effect / Square Root Law
Impact of More warehouses
36
2 Layout of Warehouse
1. Storage practice (slotting) 2. Picking the product
37
- First Available - Fixed Area - ABC
Storage Practice (slotting)
38
- FIFO (First-in-First-out) - LIFO (Last-in-Last-out)
Picking the product
39
Warehouse Operations function include product handling and storage. Numerous product handling considerations exist to support a given warehouse application
Primary Function
40
Warehouse Operations Function are also a significant importance to the success of a given warehouse operation
Secondary Function
41
- Product Handling - Receiving - Product put-away - In-storage product handling - Order Picking - Shipping
Primary Warehouse Function
42
- Active storage - Extended storage
Storage
43
- Accuracy and audits - Security - Safety & maintenance - Environmental concerns and regulatory environment
Secondary Warehouse Operations
44
5 Product Handling
1. Receiving 2. Product Put-away 3. In-storage product handling 4. Order Picking 5. Shipping
45
The process of unloading product; responsible for ensuring Stock Keeping unit (SKU) and quantity accuracy
Receiving
46
Placement of product into active or secondary location for strage
Product Put-away
47
Active pick location replenishment, space consolidation
In-storage product handling
48
Grouping of unique Stock Keeping Units (SKU) and quantities to facilitate order assembly
Order picking
49
Loading and verification of outbound transportation equipment
Shipping
50
Initial foundation for evaluating handling alternatives
Basic Handling Considerations
51
Material Handling - Lift Trucks - Towlines - Tractor Trailers - Conveyors. - Carousels
Mechanized systems
52
- Automated guided vehicles (AGV) - Sortation - Robotics - Flow racks
Semi-Automated
53
- Order selection - Automated storage & retrieval systems (AS/RS)
Automated systems
54
- E-fulfillment - Returns Processing
Special Handling considerations
55
2 type of Storage
1. Active Storage 2. Extended Storage
56
Focused on quick movement and flexibility; emphasis on picking and put-away productivity
Active Storage
57
Focused on long-term storage; emphasis on maximum space utilization
Extended storage
58

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