Trends in supply chain management – Flashcards
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1. Oustourcing logistics functions
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Outsourcing-third party that managed an entire function such as transportation
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Third party logistics
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Firm that provides functional/logistics services to others
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Offshoring
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Outsourcing of a business process from one country to another one
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Near shoring
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Transfer of an offshore activity from a distant to a nearby country
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2. Supply chain risk,security , and resiliency
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Supply chain risk :any disruption that threatens the supply chains efficient operations
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2. Supply chain risk,security , and resiliency
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Supply chain security:efforts made by the companies to protect their transit inventory from threats
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2. Supply chain risk,security , and resiliency
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Supply chain resiliency : ability of a supply chain to return to its ideal operational state after being disrupted
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3. Electronic distribution
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Includes any kind of product service that can be distributed in electronically
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3-D printing
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Creation of 3D objects via a manufacturing technology
