MSSC CLA PRACTICE 4|WITH COMPLETE SOLUTIONS|ALREADY GRADED A|DOWNLOAD TO PASS

Container Security Initiatives (CSI) An international shipping programs formed to protect cargo containers from terrorism Reverse Logistics Concerned with the return of goods from the customer Green logistics An example is returning a product using the packaging it came in Asset recovery Selling items to a secondary market, Reselling unsold items at a lower cost and Repairing items for resale Regulatory processes Help companies make their products more sustainable Push A retail store uses this inventory system, production orders begin upon inventory reaching a certain level Push/Pull Hybrid A retail store where you can also customize your order Pull Production begins based on demand (forecasted or actual demand). A problem when there is too much inventory Products can go out of style or become obsolete while sitting on shelves Inventory Total merchandise, raw materials, and products that haven't been sold yet Cycle counting Counting groups of inventory throughout the year JIT (Just in time) having the right material at the right time at the right place and in the exact amount Procurement Team Selects suppliers and manages contracts Forecasting Determining how much material is needed and when it will be needed Where RFID is used Stocking, Shipping, Receiving, Order Processing Intranet A company's internal network DRP (Distribution Requirements System) Manages the flow of inventory between different distribution centers Customer Relationships Management (CRM) software Used in order processing