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Exam 1 - Global Logistics | SCM 373 - Logistics & Transportation Mgt, Quizzes of Introduction to Business Management

Class: SCM 373 - Logistics & Transportation Mgt; Subject: Supply Chain Management; University: Michigan State University; Term: Fall 2015;

Typology: Quizzes

2016/2017

Uploaded on 03/01/2017

jsallen61
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Download Exam 1 - Global Logistics | SCM 373 - Logistics & Transportation Mgt and more Quizzes Introduction to Business Management in PDF only on Docsity! TERM 1 Direct Costs of Globalization DEFINITION 1 Costs that you can physically write a check out for TERM 2 Examples of Direct Costs in Globalization DEFINITION 2 -Inventory Carrying costs-Transportation-Quality-Customs Duty-etc. TERM 3 Indirect Costs of Globalization DEFINITION 3 Costs that you can incur but are not tangible and are difficult to quantify TERM 4 Examples of Indirect Costs of Globalization DEFINITION 4 -Communication Costs-Supply Reliability-Political Risk-Labor Stability TERM 5 Differences in Domestic and Global Operations: Performance Cycle Structure DEFINITION 5 Longer in a global setting than a domestic one. Inventory is in transit for longer periods. TERM 6 Differences in Domestic and Global Operations: Operational Consderations DEFINITION 6 Requires multiple languages for both product and documentation. May require unique national accommodations. TERM 7 Differences in Domestic and Global Operations: Informational Systems Intergration DEFINITION 7 Systems integration typically lags the acquisition or merger used to make the enterprise global. Requires substantial capital investment. TERM 8 Differences in Domestic and Global Operations: Alliances DEFINITION 8 Companies that you have not bought but you need to use for expansion/management TERM 9 Reshoring DEFINITION 9 Reintroducing domestic manufacturing to a country. Reverse process of off shoring. TERM 10 Documentation DEFINITION 10 Proper documentation is critical to ensuring a smooth international transaction