study guide

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1. Know what the term “total cost of ownership” means.

2. Be prepared to discuss the benefits of effective sourcing decisions.

3. Know what the term “third-party logistics providers” means.

4. Know what the term “postponement” means.

5. Know what the term “sustainability” means.

6. Be prepared to discuss four reasons for holding inventories.

7. Know what the term “tailored transportation” means.

8. Be prepared to write an essay on supply chain design. This is a comprehensive question covering the entire course.You will need to know what the elements of a supply chain are, and what makes supply chains successful.

9. Know what the term “customer relationship management” means.

10) Know what the term “sourcing” means.

11) Be prepared to discuss two types of inventory replenishment policies.

12) Know what the term “safety inventory” means.

13) Know what the term “product substitution” means.

14) Be prepared to discuss the trade-offs of air, water, rail, and trucking (TL, LTL, and Package) forms of transportation in supply chain design.

15) Know what the term “intermodal” means.

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