Exam 9: Using Supply Chains to Create Value for Customers

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Explain why consumers are interested in tracing products.

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Consumers want to know where products are in the supply chain to know when they will receive products.In addition,consumers want to be able to trace products back from where they came so that they know if there are defective products in the marketplace.

A _____ is a warehouse where the emphasis is on processing and moving goods on to wholesalers,retailers,or consumers.

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Social responsibility is the idea that a company should manage their business,not just to earn profits,but to advance _____.

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the well-being of society

Explain the negative arguments of RFID tagging.

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_____ is the fastest transportation method in terms of shipping goods.

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The process of designing,monitoring,and altering supply chains to make them as efficient as possible is called demand chain management.

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Warehouses and distribution centers are becoming more automated and wired.

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Transportation modes a firm uses should be based on what its customers want and are willing to pay for.

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Explain the rational for firms utilizing smaller warehouses.

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Inventory control occurs when a firm runs out of a product a customer wants to buy.

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_____ involves running broken,defective,and scrap products backward through the supply chain.

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In recent years,_____,which electronically record the paths shipments take,have become almost as important to businesses as shipping costs themselves.

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_____ are costly to build but transport liquid and gas goods cheaply once constructed.

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FedEx Supply Chain Services and UPS Supply Chain Solutions,that takeover the entire order processing and shipping departmental functions of a company,are examples of:

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Companies may join the Fair Trade movement to convey that they are _____.

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Explain the advantages of RFID tagging. Consumers can benefit from this type of tagging because it better informs manufacturers when stockouts are of worry or out-of-date products are still on shelves,which could potentially cause harm to the health of consumers.In addition,the technology would not require cashiers to scan barcodes,so time would be saved on behalf of the consumers.

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The physical flow of materials in the supply chain is known as _____.

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More products are shipped by truck than by another means.

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_____ provide logistics services for part or all supply chain management functions.

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Demand planning impacts:

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