Term
|
Definition
| ____ is something that is done to mitigate; a method used to avoid, reduce, transfer, or share risks |
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Term
|
Definition
| ____ is an unplanned and [at times] unanticipated event that disrupts the normal flow of goods and materials within a supply chain |
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Term
| Why might Unions not still be needed in the Railroad Industry? |
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Definition
| ____ might still need be needed in the Railroad industry because they have become an institution of their own and add no value |
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Term
| What are the 3 Steps to Managing Disruptions? |
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Definition
The 3 Steps to Managing ____ are:
1) Discovery (find it asap)
2) Recovery (get back to initial state (put out fire))
3) Redesign (eg....move away from hurricanes) |
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Term
| What are some External Factors of risk? |
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Definition
| Demand, Supply, Environment, Business, and Physical Plant are ____ of risk |
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Term
| What are some Internal Factors of risk? |
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Definition
| Manufacturing risks, Business risks, Planning and controlling risks, Mitigation and contingency risks are ____ of risk |
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Term
| Define Supply Chain Sustainability |
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Definition
| ____ is using resources that meet the needs of the present without compromising the ability of future generations to meet their own needs |
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Term
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Definition
| ____ is the propensity of risk to become disruption, adjective that describes the Supply Chain |
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Term
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Definition
| ____ is returning to the original state. Increased through structure (and redesign) and visibility. Have many options, have info, quick to discover to stop faster |
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Term
| Define Business Continuity Planning |
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Definition
| ____ is minimizing the effects of unanticipated events on the firm's ability to meet customer requirements |
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Term
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Definition
| ____ is avoiding/managing organizational crisis in a systematic way |
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Term
| What are the 6 Steps of the Risk Management Process? |
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Definition
1) Profile the supply base
2) Asses Vulnerability
3) Evaluate Implications
4)Create Mitigation / Contingency plans
5) Complete Cost/Benefit Analysis
6) Gain Management Support and Implement Plan |
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Term
| What are the 4 Sources of Risk? |
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Definition
The 4 Sources of ____ are:
1) Market
2) Supply
3) Demand
4) Financial |
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Term
| What is the main takeaway from the DSM and Glow Globes cases? |
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Definition
| Understanding what is in- and what is out-of-scope is the main point of ____ |
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Term
| What is the correct answer for DSM, and why? |
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Definition
| The main point of ____ is to put the plant in Des Moines/Marshalltown: because the paint was filled there, it is along rail routes, inspections already occur there, area had largest demand |
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Term
| What is the correct answer for Glow Globes, and why? |
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Definition
| The main point of ____ is to build the warehouse in Portland: because it is able to decrease stockouts, increase customer service, and positively impact the bottom line/total financial scope |
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Term
| Why did Unions form in the Railroad Industry? |
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Definition
| ____ formed in the ____ industry to give workers a united voice, because they were being taken advantage by owners |
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Term
| Why do Unions still exist in the Railroad Industry? |
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Definition
____ still exist in the railroad industry because:
1) They are still needed for the same reasons
2) They only exist out of inertia |
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Term
|
Definition
| ____ ____ used to own the railroads; were genius yet egotistical & power hungry |
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Term
|
Definition
| ____ ____ is the use of sheer force of strength, money, position to you control your opponents; when one side over-uses ____ ____, the other side will rebel |
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Term
| What is the significance of the Little Red Caboose? |
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Definition
| Two things that drove the formation of the unions in the railroad industry: 1) XXX; 2) Life insurance |
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Term
| Define Mediators (in terms of the railroad unions) |
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Definition
| ____ are third parties involved in negotiations, to allow for civil conversation between parties; are required in the railroad industry |
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Term
| Describe the Rail Safety Appliance Act |
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Definition
The ____ Act:
1) Was used to advocate for consumer/public interests
2) Government mandated airbrakes
3) Caused the Pullman's Strike |
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Term
| Describe the Railway Labor Act |
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Definition
The ____ Act is:
1) A law that is still in place
2) Includes: procedures for changing rates of pay, rules, or working conditions
3) Mandates the AVOIDANCE AT ALL COSTS of disruptions in commerce |
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Term
| What is the primary rule of the Railway Labor Act? |
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Definition
| The primary rule of the ____ Act is to avoid disruptions at all costs! |
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Term
| What is the the Wagner Act? |
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Definition
| The ____ Act is the National Labor Relations Act (NLRA) |
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Term
| Define Sustainability (using the Brundtland definition) |
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Definition
| ____ is meeting the needs of the present generation without compromising the ability of the future generations to meet their own needs |
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Term
| What are the three components of the Triple Bottom Line? |
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Definition
The 3 components of the ___ are:
1) Social (people)
2) Environmental (planet)
3) Economic (Profit) |
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Term
| What is the MSU Sustainability Initiative |
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Definition
| The ____ is focused on multi-faceted, interdepartmental sustainability, moving beyond just green |
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Term
| What is the main takeaway from the UTi presentation? |
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Definition
| The main takeaway from the ____ presentation was the concept of a spaghetti dinner for problem solving. |
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Term
| What are the 3 components of the Spaghetti Dinner metaphor (UTi presentation) |
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Definition
The following concepts describe the ____ metaphor:
1) Stand Alone Service - Make at home
2) For a particular problem - prepackaged dinner
3) Enterprise solution - Restaurant |
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Term
When fuel costs increase, and:
Efficiencies: Inbound > Outbound, you should have (more/fewer) DC's |
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Definition
When fuel costs increase:
You should have more DC's if:
Efficiencies: Inbound (>?) Outbound |
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|
Term
When fuel costs increase, and:
Efficiencies: Outbound > Inbound, you should have (more/fewer) DC's |
|
Definition
When fuel costs increase:
You should have fewer DC's if:
Efficiencies: Inbound (>?) Outbound |
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Term
| What are Weber's 3 Classifications of Industries? |
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Definition
____'s 3 Classifications of ____ are:
1) Weight losing
2) Weight gaining
3) Weight sustaining |
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Term
| Describe Weight Losing industries |
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Definition
| In a Weight ____ industry, raw materials weigh more than the final product; locate facility near raw materials |
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Term
| Describe Weight Gaining industries |
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Definition
| In a Weight ____ industry, raw materials weigh less than the final product; locate facility near final markets |
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Term
| What is the Continuous Single Facility problem? |
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Definition
| In the ____ problem, you need to locate a single facility to minimize transportation costs |
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Term
| What is the most common approach to the Continuous Single Facility problem? |
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Definition
| The Center-of-Gravity (gravity/grid/centroid) method is the most common approach to the ____ problem |
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Term
| What is the Center-of-Gravity (COG) method? |
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Definition
| The ____ method is a geometric property that is the average location of the "weight" of an option |
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Term
| What are the 3 pieces of necessary data for the Center-of-Gravity method? |
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Definition
The 3 pieces of necessary data for the ____ method are:
1) Weighting (usually volume or population)
2) Location name
3) Grid location |
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Term
| What are the Pros of using the Center-of-Gravity method? |
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Definition
The pros of using the ____ method are:
1) Cheap
2) Requires little investment/modeling programs
3) Good starting point |
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|
Term
| What are the Cons of using the Center-of-Gravity method? |
|
Definition
The Cons of using the ____ method are:
1) Does not taking into account other variables (EG: cost)
2) Can be tedious to retrieve coordinates if there are many locations
3) Works poorly with countries on different continents (the ideal locale may be in the ocean!) |
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Term
|
Definition
| The ____ seeks to find the location of "k" facilities, to minimize the demand weighted average/total distance between nodes and the nearest factory |
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Term
|
Definition
| The ____ seeks to find the location of "k" facilities that can cover all demand nodes in the minimum possible distance |
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|
Term
|
Definition
| ____ seeks to find the minimum number of facilities needed to cover all demand within the specified distance |
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|
Term
|
Definition
| ___ seeks to find the maximum number of demands that can be covered in a specified distance by a given number of facilities |
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Term
| What are the 2 things one seeks to minimize using k-Median? |
|
Definition
The 2 things one seeks to minimize using ____ are:
1) Total cost
2) Travel time |
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Term
| What are the 4 Steps in Finding the k-Median? |
|
Definition
The 4 Steps in finding the ____ are:
1) Calculate distance matrix
2) Multiply distance matrix by population
3) Add up total travel time
4) Find minimum |
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Term
| What does a k-Center seek to do? |
|
Definition
A ____ seeks to either:
1) Minimize the distance that any one user has to travel
2) Maximize the distance from any one user |
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Term
| What is the main factor that the k-Center doesn't take into account? |
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Definition
| The main factor that the ____ doesn't take into account is population |
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Term
| What are 3 Approaches to the Dynamic Facility Location dilemma? |
|
Definition
The 3 Approaches to the ____ dilemma are:
1) Finding a solution for this year, and future years, and averaging them
2) Find a solution for this year, and then calculate a new solution every year
3) Build a multi-period program that uses forecasted demand and/or cost |
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Term
| What is the Dynamic Facility Location dilemma? |
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Definition
| The ____ dilemma is that demand and costs change over time, and that one must chose a ____ that is good for the future |
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Term
| What 2 factors are more important to Retail and Service Locations than transportation and warehouse costs? |
|
Definition
The 2 factors that are more important to ____ and ____ locations than transportation and warehouse costs are:
1) Revenue
2) Accessibility |
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|
Term
| What are the 5 Factors affecting Retail/Service site location? |
|
Definition
The 5 factors affecting ____ site location are:
1) Demographics
2) Traffic flow and accessibility
3) Retail structure
4) Site characteristics
5) Legal and cost factors |
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|
Term
| What are the main takeaways from the Routing lecture? |
|
Definition
The main takeaways from the ____ lecture are:
1) Routing and scheduling problems can get very complex
2) Some heuristic methods can provide good solutions quickly
3) To solve large problems, combine optimization with heuristic approaches
4) ____ is the backbone to all software |
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Term
| What are the 4 Types of Vehicle Routing? |
|
Definition
| The 4 types of ____ are: 1) Greedy heuristic 2) Closest-next 3) Sweep 4) Clarke-Wright savings method (FYI) |
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|
Term
| What is Dijkstra's Algorithm |
|
Definition
| ____'s Algorithm finds the shortest path between two points on a network, by finding the shortest path between one node and all other nodes on the network |
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Term
|
Definition
| A ____ is a circuit that traverses every edge of a graph exactly once, beginning and ending at the same point |
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|
Term
| What is the main requirement for a Euler Tour? |
|
Definition
| The main requirement for a ____ is that the graph contains no nodes of odd degree |
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Term
| What are the 4 Steps to take if no Euler Tour exists? |
|
Definition
The 4 Steps to take if no ____ exits are:
1) Identify all odd degree nodes
2) Find the min. length matching between them
3) Add these paths into the network
4) Find an ____ on the enhanced network
*) This is the min. length edge-covering tour |
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Term
| Considering the Dynamic Facility Location dilemma, when should one change locations every year based on new demand? |
|
Definition
| Considering the ____ dilemma, one should change locations every year if the cost savings are higher than moving expenses |
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|
Term
| What does "INCO Terms" stand for? |
|
Definition
| INternational COmmercial terms can be abbreviated as ____ |
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Term
| What are 4 Major Benefits of Free Trade Zones? |
|
Definition
4 Major Benefits of ___ are:
1) Duty elimination
2) Duty deferral
3) Duty reduction
4) Weekly entry savings |
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|
Term
| In terms of FTZs, define Duty Elimination |
|
Definition
| In terms of FTZs, ____ is: no duty for reexports; or scrap, waste, or items destroyed/consumed within zone |
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|
Term
| In terms of FTZs, define Duty Deferral |
|
Definition
| In terms of FTZs, ____ is: duty only paid when and if merchandise is transferred into US Customers territory |
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Term
| In terms of FTZs, define Duty Reductions |
|
Definition
| In terms of FTZs, ____ is: inverted tariff; duty that applies only to the condition upon departure from the zone |
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Term
| In terms of FTZs, define Weekly Entry Savings |
|
Definition
| In terms of FTZs, ____ is: file one custom entry per week |
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Term
| What are Reasons to Expand Globally? |
|
Definition
Reasons to ____ are:
1) More customers
2) Cheaper manufacturing
3) Expanding before the competitor to create brand loyalty
4) Economy of scale
5) Take advantage of weather seasonality
6) Distribute risks |
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|
Term
| What are some Direct Global Costs? |
|
Definition
Some ____ costs are:
1) Inventory carrying cost
2) Transportation
3) Duties and tariffs
4) Insurance premiums
5) Currency fluctuations |
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Term
|
Definition
| ____ is getting money back from what you paid for importing |
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|
Term
| Describe sourcing Pre-Industrial Revolution |
|
Definition
| Pre-____, there were usually only one or two potential buyers |
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Term
| What are the 5 Steps in the "Short Relationship Life Cycle" |
|
Definition
The 5 Steps in the ____ cycle are:
1) Awareness
2) Exploration
3) Expansion
4) Commitment
5) Dissolution |
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|
Term
| To what did Professor Griffis compare the Sourcing Relationship Cycle? |
|
Definition
| Professor Griffis described ___ as being similar to a dating relationship |
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|
Term
| What are the 4 Steps along the Continuum of Depth of Interaction? |
|
Definition
The 4 Steps along the ____ are:
1) Transactional
2) Repeated transactions
3) Long-term relationships
4) Alliances |
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|
Term
| Relationship Strength (increases/decreases) from Transaction to Alliances |
|
Definition
| Relationship Strength increases from ____ to ____ |
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|
Term
| Governance (increases/decreases) from Transaction to Alliances |
|
Definition
| Governance increases from ____ to ____ |
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|
Term
| Economic Power (increases/decreases) from Transaction to Alliances |
|
Definition
| Economic Power decreases from ____ to ____ |
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|
Term
|
Definition
| ____ is the explicitness of the rules that are set |
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|
Term
|
Definition
| ____ is the ability to "vote with your feet"; switching costs |
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|
Term
| What are the 2 components to consider when Deciding how Close to Work with Another Company? |
|
Definition
The 2 components to consider when deciding ____ are:
1) Drivers
2) Facilitators |
|
|
Term
|
Definition
The 5 ____ are:
1) Market advantages
2) Cost/efficiency
3) Customer service improvement
4) Profit growth and sustainability
5) Exclusivity |
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|
Term
| What are the 5 Facilitators? |
|
Definition
The 5 ____ are:
1) Location
2) National culture
3) Alignment
4) Prior history
5) Shared endorser/competitor |
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|
Term
| If both Drivers and Facilitators are low, how would one describe the relationship? |
|
Definition
| If both ____ and ____ are low, the relationship could be described as an arm's length transaction |
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|
Term
| When either Drivers or Facilitators is medium, and the other is low, how would one describe the relationship? |
|
Definition
| When either ____ or ____ is medium, and the other is low, the relationship could be described as a mutual recognition of a partnership |
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Term
| What are the 4 Purchasing Approaches? |
|
Definition
The 4 ____ Approaches are:
1) Trust-based partnership
2) Balanced sourcing
3) Unleveraged purchasing
4) Darwinian rivalry |
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|
Term
Trust-based Partnership
Commitment to cooperative relationship is: (hi/lo)
Commitment to competitive pricing is: (hi/lo) |
|
Definition
Trust-based Partnership
Commitment to a ____ relationship is: hi
Commitment to ____ pricing is: lo |
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|
Term
Balanced Sourcing
Commitment to cooperative relationship is: (hi/lo)
Commitment to competitive pricing is: (hi/lo) |
|
Definition
Balanced Sourcing
Commitment to a ____ relationship is: hi
Commitment to ____ pricing is: hi |
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|
Term
Unleveraged Purchasing
Commitment to cooperative relationship is: (hi/lo)
Commitment to competitive pricing is: (hi/lo) |
|
Definition
Unleveraged Purchasing
Commitment to a ____ relationship is: lo
Commitment to ____ pricing is: lo |
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|
Term
Darwinian Rivalry
Commitment to cooperative relationship is: (hi/lo)
Commitment to competitive pricing is: (hi/lo) |
|
Definition
Darwinian Rivalry
Commitment to a ____ relationship is: lo
Commitment to ____ pricing is: hi |
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|
Term
| What are the 2 Types of Integration? |
|
Definition
The 2 Types of ____ are:
1) Internal
2) External |
|
|
Term
| What are 3 Examples of Internal Integration? |
|
Definition
3 Examples of ____ Integration are:
1) Cross-functional
2) Locations
3) Stakeholders |
|
|
Term
| What are 3 Examples of External Integration? |
|
Definition
3 Examples of ____ Integration are:
1) Suppliers
2) Distributors
3) Consumers |
|
|
Term
| What are the 2 Components of Bensaou's Framework (1999)? |
|
Definition
The 2 Components of ____ are:
1) Buyer-specific investments
2) Supplier-specific investments |
|
|
Term
| What are 2 Things to Consider When "Breaking Up"? |
|
Definition
2 things to consider when ____ are:
1) Intellectual property
2) Capital investments |
|
|
Term
| How will the Panama Canal expansion affect CSX? |
|
Definition
| The expansion of the ____ will cause a restructuring of CSX's routes in 2014 |
|
|
Term
| What are the 3 Goals of CSX, and who are the 3 Beneficiaries of these goals? |
|
Definition
The 3 Goals and Beneficiaries of ____ are:
1) Safety - Employees
2) Service - Customers/Public
3) Profit - Company/Shareholders |
|
|
Term
| Describe the Clean Air Act |
|
Definition
The ____ Act:
1) Was passed in 1970, updated in 1990
2) Requires documentation of current emission levels and provides steps to reduce these levels
3) Came about due to acid rain problems |
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|
Term
|
Definition
| ____ guarantees that strict economic, social, and environmental criteria were met in production and trade of an agricultural product |
|
|
Term
| What is ISO 14000 Certification? |
|
Definition
| ____ Certification sets a similar standard of quality and protocols; more efficient, safer, and cleaner |
|
|
Term
| What are the 2 Components of Economic Sustainability? |
|
Definition
The 2 Components of ____ are:
1) Revenue growth
2) Cost savings |
|
|
Term
| What is Environmentally Preferable Purchasing (EPP)? |
|
Definition
| ____, implemented by the EPA, are products and services that most effectively minimize negative environmental impacts |
|
|
Term
| What are 3 Sources of Renewable Energy? |
|
Definition
The 3 Sources of ____ are:
1) Biofuels
2) Solar
3) Wind |
|
|
Term
| What is LEED Certification? |
|
Definition
| ____ Certification ensures buildings are designed and built with environmental stewardship in mind |
|
|
Term
| What are the 4 Levels of LEED Certification, in order of least to most green? |
|
Definition
The 4 Levels of ____, in order of least to most green are:
1) Certified
2) Silver
3) Gold
4) Platinum |
|
|
Term
| What are Net-Zero Energy buildings? |
|
Definition
| ____ buildings generate as much energy as they consume |
|
|
Term
| What are the 5 Types of Supply Risk? |
|
Definition
The 5 Types of ____ Risk are:
1) Business strategy
2) Supplier
3) Operations
4) Logistics
5) Inventory |
|
|
Term
|
Definition
| ____ is the application of policies, procedures, and technology to protect assets and prevent the introduction to the supply chain of unauthorized items |
|
|
Term
| What is the Rationale for Supply Chain Security? |
|
Definition
| The ____ for Supply Chain ____ is to proactively enhance SC resiliency against terrorism |
|
|
Term
| What are the 7 Areas in which we are Vulnerable to Terrorist Threats? |
|
Definition
The 7 Areas in which we are ____ to Terrorist Threats are:
1) Governance
2) Telecommunications
3) Transportation
4) Water supplies
5) Food processing
6) Food production
7) Food distribution |
|
|
Term
| What are the 2 Key Factors that Drive the Enhancement of Security? |
|
Definition
The 2 Key Factors that Drive ____ are:
1) Brand protection (Primary reason)
2) Government Pressure |
|
|
Term
| Define Country of Origin Labeling (COOL) |
|
Definition
| ____ are guidelines that have been developed for some agricultural and food products |
|
|
Term
| What are the Ramifications of the Bio-Terrorism Act of 2002? |
|
Definition
| The Ramifications of the ____ Act of 2002 is that firms engaged in food processing must be able to trace raw material and finished goods one tier up and one tier down the supply chain |
|
|
Term
| What are 8 Current Security Initiatives? |
|
Definition
8 Current ____ Initiatives are:
1) Customs-Trade Partnership Against Terrorism (C-TPAT)
2) Container Security Iniative (CSI)
3) Advanced Manifest Rule (AMR)
4) Advanced Cargo Information (ACI)
5) Fast and Secure Trade (FAST)
6) ISO's Smart and Secure Tradelanes (SST)
7) World Customs Organization (WCO)
8) World Trade Organization (WTO) |
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|
Term
| ***What are the 8 Principles of Vehicle Routing?*** |
|
Definition
The 8 Principles of ____ are:
1) Attempt to serve a geographical area on the same days
2) Stops should be clustered according to geographical proximity
3) Build routes beginning with the farthest away stop
4) Routes should form a teardrop pattern
5) Try to fill the largest vehicles first
6) Pickups should be mixed into delivery routes, rather than assigned at the end
7) An isolated stop is a good candidate for dedicated small truck, or a "for hire"
8) Avoid narrow time windows |
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