Reverse logistics - Study guides, Class notes & Summaries

Logistics definition planning, implementing, and controlling the efficient, effective flow and storage of goods, services, and related information from point of origin to point of consumption types of logistics forward and reverse military roots of logistics Alexander the Great (330 BC) i.e. campaign timing around local harvest, soldiers carry own provisions, marches near waterways, etc. Transportation: Steam power Ships and Railroads (1800s) Transportation: Internal combustion...

SCM 300 Exam 1 DAVILA ASU SCM 300 Arizona State University - Question and answers correctly solved Goal of operations - correct answer Create high quality products and services using the fewest resources possible Reverse logistics - correct answer The management of products that flow backward in the supply chain, away from the consumer and back in the direction of manufacturers. (The management of materials moving upstream in the supply chain) Downstream - correct answer Direction t...

Comprehensive SCM 300 Exam 1 study guide DAVILA ASU SCM 300 Arizona State University - Question and answers correctly solved Supply Chain Management (SCM) - correct answer the effective and efficient integration of the suppliers, manufacturers, transportation organizations, and any other party responsible for collectively bringing products to market Procurement - correct answer This is known as the purchasing branch of a company. They're responsible for getting materials, equipment, prod...

Which of the following is NOT included in the information flow? Invoices Specifications Supplies Receipts correct answers Supplies A cell-phone manufacturing company wants to simplify their production and decides to ask an outside supplier to produce their memory chips. This is an example of: Offshoring Nearsourcing Outsourcing Nearshoring correct answers Outsourcing A customer buys a new vacuum cleaner at Costco, then realizes it's the wrong kind so she returns it. Costco now...

SCM 300 DAVILA ASU SCM 300 Arizona State University - Questions with complete solution 3 branches of supply chain - correct answer procurement (purchasing), operation, logistics, reverse Procurement (purchasing) - correct answer the branch of supply chain where deals happen, negotiations for the best price on materials, equipment, goods, and services. acquiring materials and placing orders. Operations - correct answer the branch responsible for making business processes effective and...

SCM 300 Exam 1 Davila Asu With 100% Correct And Verified Answers Supply Chain Management - Correct Answer-The effective and efficient integration of the suppliers, manufacturers, transportation organizations and the other parties responsible for collectively bringing final products and services procurement - Correct Answer-· Branch responsible for obtaining materials, equipment, products, and services with organizational regulations. · Consists of finding suppliers, choosing the supplie...

________ is a set of activities and techniques firms employ to efficiently and effectively manage the flow of merchandise from the vendors to the retailer's customers. Consumer direct fulfillment Supply chain management Reverse logistics Backhaul Vendor-managed inventory - Supply chain management A ________ occurs when an SKU that a customer wants is not available. rain check backhaul reorder point stockout ship verification - stockout Overall, effective supply chain managem...

The bullwhip effect - ️️The increasing fluctuation in orders that often occurs as orders move through the supply chain. The bullwhip effect occurs as orders are relayed from retailers, to distributors, to wholesalers, to manufacturers, with fluctuations increasing at each step in the sequence. The bullwhip fluctuations in the supply chain increase the costs associated with inventory, transportation, shipping, and receiving, while decreasing customer service and profitability. Blanket o...

BUAD 331 Exam 4 Questions and Answers(Rated A) Logistics Management - ANSWERis the part of SCM 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 customer requirements Supply Chain Management - ANSWERthe management of upstream and downstream relationships with suppliers and customers in order to deliver superior customer va...

LSCM FINAL EXAM 3 QUESTIONS & ANSWERS 2024/2025 Inventory is an ASSET on the balance sheet and a(n) ____ on the income statement. - ANSWERSexpense Direct-to-customer Drop-Shipped Fulfillment means: - ANSWERSDirect shipment to retailer bypassing the retailer's network The ____ the profit margin, the ____the revenue equivalent for a given logistics cost savings. - ANSWERSHigher-higher Which of the following is INCORRECT regarding reverse logistics? - ANSWERSGlobalization of business...