SCMN test three

tech: Optimization

alignment of resources across all platforms

tech: Cross-Chain visibility

visibility to events happening across the supply chain

tech: Speed to market

tech to help with speed in ordering, manufacturing, and devliering

tech: Agility

decision support tools to model scenarios

tech: Collaboration

access to common data pools

tech: Adaptability

altering design and capabilities of supply chain due to evolving market

tech: Differentiation

align demand and supply for profit

tech: Risk management

predictive analytics and risk management tech to minimize threat

high quality tech qualities

accurate, accessible, relevant, timely, transferable, reliable, usable

Enterprise Resource Planning

business process that lets a business use numerous integrated applications with all different purposes

Global Supply Chain Management

focuses on planning, implementing and controlling the cross border flows of materials, money, and info between countries

channels of global supply chain management

transaction channel, communication channel, and distribution channel

landed cost

total cost of a product through supply chain

third party fees

extra fees for third party services

sneaky cost

less transparent or costs that are often not considered

global sourcing goals

reduce cost, expand capacity, reduce risk access specialized skills

global sourcing risks

longer lead times, higher inventory carrying costs, higher transportation costs, increased chance of damage, lower protection of intellectual property, and reduced visibility

global manufacturing methods

licensing, contract manufacturing, joint ventures and direct foreign investment

export preparation activities

negotiating details, document prep, and protect the goods

options for determining the terms of trade

negotiate every step of the process or use international commerce terms

group E (departure terms)

buyer has full responsibility and control from door of seller to final location

group F (main carriage unpaid)

sellers are responsible for packaging product and transporting to a specific location then buyer is responsible for the rest

group C (main carriage paid)

sellers are responsible up to the port of import

group D (arrival)

seller is responsible for entire journey

commerical invoice

identify buyer and seller, date and terms of sale, quan/weight of goods, type of packaging, unit and total value, insurance

bill of lading

evidence of contract of carriage, receipt of goods, and doc of title to goods

letter of credit

protects buyer and seller by ensuring the seller will receive payment if conditions are met of delivery

getting goods to US steps

moving goods, getting through customs, and post clearance

moving the goods

mode of transportation, carrier selection, and routing

customs clearing process

entry filing, arrival, examination, classification, taxation, and release

customs brokers

3rd party logistics professionals hired by importers to interpret complex rules

foreign trade zone

goods can enter FTZ without formal customs entry and payment of duties

bonded warehouse

hold on goods if duties are unpaid

final delivery

pre clear imports, choose port wisely, monitor activity, work with high quality carriers, and create backup plan