SCM 301 Final- Iowa State University || Already Graded A+.
5 views 0 purchase
Course
SCM 301
Institution
SCM 301
Warehousing correct answers Companies storing their purchases, work-in progress, and finished goods
Distribution Center correct answers A warehouse that is used to receive bulk shipments, break them down, repackage items, and distribute them to a manufacturing center or retail center
Crossdoc...
SCM 301 Final- Iowa State University || Already Graded A+.
Warehousing correct answers Companies storing their purchases, work-in progress, and finished
goods
Distribution Center correct answers A warehouse that is used to receive bulk shipments, break
them down, repackage items, and distribute them to a manufacturing center or retail center
Crossdocking correct answers Unloading an inbound vehicle and reloading the product onto an
outbound vehicle with little to no storage
Sorting correct answers Separating products into grades and qualities
Assorting correct answers Building up a variety of products
Risk Pooling correct answers the relationship between the number of warehouses, system
inventories, and customer service. The effect of risk pooling can be estimated by the square root
rule.
More Centralized correct answers = lower safety stock, lower average inventory, higher lead
times
More Decentralized correct answers = higher safety stock, higher average inventory, lower lead
times
Consolidation Warehouse correct answers collect LTL shipments for transport in TL/CL
quantities
Private Warehouse correct answers warehouses that are owned and used by an organization
(used by large companies, high volume of products, fixed cost)
Public (3PL) Warehouse correct answers warehouses that are rented or leased to an organization
by another organization (used by smaller companies, low volume of products, variable cost)
Benefits of Private Warehouses correct answers • reduces purchasing and transportation cost
• more control
• tax advantages
Disadvantages of Private Warehouses correct answers • financial risk, can't spend that money
elsewhere
• insurance companies prefer to insure public
Benefits of Public Warehouses correct answers • Flexibility and investment cost savings
• 3PL repackaging, assembling, short & long term storage
, Disadvantage of Public Warehouses correct answers Lack of Control
Basic Warehouse Operations correct answers • Movement- receiving, putting away, order
picking, shipping
• Storage- Warehouse management system (where product is store, how much you have)
Warehouse Productivity Measures correct answers • productivity ratio
• orders correctly filled
• pounds/units per day
Warehousing Trends correct answers • More public warehouses (3PL)
• sharing information within company and with customers
• added value by packaging or assembling products
Transportation Management Systems correct answers software that allows companies to select
the best mix of transportation modes, services, and pricing
Global Trade Management Systems correct answers provide global visibility, standardization,
and documentation of imports/exports as goods are shipped between countries
Warehouse Management Systems correct answers Software facilitating the proper storage and
movement of inventory
Bill of Lading correct answers common carrier is responsible for all losses, damages, delays in
shipment besides acts of nature. States what supplier is shipping.
Reverse Logistics correct answers Movement of goods from the customer back to the supplier
FOB Destination Pricing correct answers Supplier is legally responsible for goods until they
arrive to the supplier
FOB Origin Pricing correct answers Buyer is legally responsible for goods as soon as they
purchase them
Intermodal Transportation correct answers Using 2 or more modes of transportation
• trailer-on-flatcar
• container-on-flatcar (piggyback service)
• roll-on-roll-off (RORO) vessels- allows vehicles to be directly driven onto cargo ships
Modes of Transportation correct answers • truck (most flexible, most popular, low costs)
• air carriers (most expensive mode, high security, fast)
• water (cheap, inflexible, slow, heavy bulky goods, low security)
• train (long, heavy, & bulky shipments)
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller FullyFocus. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $11.49. You're not tied to anything after your purchase.
