Chapter 7
This acronym stands for Political, Economic, Social, Technological and Sustainability
What is PESTS analysis?
This number is a product identification number that typically shows up or is linked to a barcode.
What is a UPC (Universal Product Code)?
This government agency oversees all consumer product safety issues and recalls.
What is the U.S. CPSC (Consumer Product Safety Commission)?
This term refers to the systematic management of all activities required to move and distribute products throughout the supply chain.
What is logistics?
Social, economic and environmental performance are measured using this theory.
What are the triple bottom lines?
This document typically outlines how a company monitors, enforces and evaluates their labor and environmental policies.
What is a Code of Conduct?
This document states the terms of the sale including product identification, quantities, price, delivery date and method and any other terms and conditions.
These samples are created before production starts and must be evaluated for quality, testing and to ensure that all specifications are met.
What are pre-production samples?
This business practice refers to the selling of products at lower prices in one country than they sell in their home country.
What is dumping?
This index is widely used the in fashion and apparel industry to rank sustainability and social responsibility.
What is the Higg Index?
This voluntary partnership between nations was created to add safeguards against terrorism after the September 11th tragedy.
What is C-TPAT?
This type of sale happens when the sourcer does not pay until the supplier's goods are sold to a third party.
What are consignment sales?
This information must appear on this item to be allowed into the U.S.: fiber content, country of origin, identity of the manufacturer and care instructions.
What is a label?
This company facilitates the movement of cargo from the supplier's country to the sourcer's country on behalf of shippers and processes all documentation for customs clearance.
What is a freight forwarder?
The evaluation of employee welfare and rights, employee health and safety and paying a fair wage among other important metrics.
What is social performance?
These terms such as FAS, FOB, CIF and CNF determine who is responsible for for the product at different stages and must be understood to determine a total cost.
What are cost terms or Incoterms?
One of the most common methods of payment, this document is issued when a bank assumed liability for payment of the purchase price to the supplier. The supplier will then pay the bank back.
What is a letter of credit or L/C?
This act requires that all textiles and apparel products intended for the use of wearing undergo extensive testing for flammability.
What is the Flammable Fabrics Act?
This document shows the receipt of the merchandise for its transportation to the specified destination and is issued by the transportation carrier.
What is a bill of lading or b/l?
The measuring the protection of natural resources, waste reduction, reduction in energy consumption and reduction in carbon footprint among other factors.
What is environmental performance?
This refers to the total amount of time required for the sourcers to receive goods in their warehouses from the suppliers after a contract is issued.
What is total sourcing lead time?
This is when the terms of payment usually ranges from 90-120 days after the goods are received regardless of if the products have sold or not.
What is an open account?
This process occurs after all tests are complete, production is complete and will review all aspects of the product to ensure they are created according to the purchase order.
What is a final audit?
This approach to logistics is based on the argument that logistics decisions must be made while considering both inbound and outbound material activities.
What is a systems approach?
What is your favorite class here at SCAD?
This one! FASM 420.... :)