Supply Chain Basics
The overall coordination of production, shipment, and distribution of products.
People who make or manufacture goods.
Who are producers?
A machine-readable code consisting of vertical lines used to track products.
What is a barcode?
Products brought into a country from abroad.
What are imports?
The assistance and support provided to buyers before, during, and after purchase.
What is customer service?
The process of planning, implementing, and controlling the movement of goods.
What is logistics?
The end users of products.
Who are consumers?
A square-shaped code that can store more data and be scanned quickly.
What is a QR code?
Products sent out of a country to be sold abroad.
What are exports?
Checking products to ensure they meet company standards.
What is quality control?
Tangible items that are produced and sold.
What are goods?
Companies or individuals that move goods from one place to another.
Who are transporters?
The process of moving, protecting, and storing goods inside a facility.
What is material handling?
This famous canal in Central America shortens shipping time between the Atlantic and Pacific Oceans.
What is the Panama Canal?
Businesses must coordinate these two groups: buyers and sellers.
Who are producers and consumers?
Intangible activities that are performed for a customer.
What are services?
Groups or individuals who have an interest in a company’s success.
Who are Stakeholders?
Ensures that goods meet specific standards before reaching customers.
What is quality control?
Organizations that create and enforce trade regulations.
What are governments?
Hiring an outside company to handle transportation and storage.
What is 3PL?
The online buying and selling of goods and services.
A company that provides outsourced logistics services, often called third-party logistics.
What is a 3PL?
A person or company that organizes shipments for individuals or businesses.
What is a freight forwarder?
The balancing of global buying and selling is often impacted by these two factors.
What are imports and exports?
Ensuring efficiency in moving products inside a warehouse.
What is material handling?