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Test your basic knowledge |
Business Logistics Management
Start Test
Study First
Subject
:
business-skills
Instructions:
Answer 50 questions in 15 minutes.
If you are not ready to take this test, you can
study here
.
Match each statement with the correct term.
Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.
This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.
1. Warehouse Management System
WMS
Top US exports to China
Dimensions of customer service
Logistics Activities
2. Canada - China - Mexico
Top US trading partners
Customer Service
Complexity Issue
Logistics
3. Challenge is to evaluate and successfully implement the technology
Dimensions of customer service
ABC Activity-Based Costing
WMS
Technology Issue
4. Product/Service - Information - Finance
Supply Chain Flows
Place Utility Definition
CPFR
FOB
5. Free Alongside Ship
NAFTA
Supply Chain Issues
FAS
Forces Driving the Rate of Change
6. Strategic Alliance
Strategic Example
Government Regulations and Policy Force
Supply Chain Network Issue
Two Phases of order mgmt.
7. Distribution Requirement Planning
DRP
External Metrics
Supply Chain
Order Cycle Time
8. Reduced complexity - reduced product life cycle - more volatility - organizational structures frequently change.
Global Markets Characteristics
Supply Chain Relationship
Top US trading partners
CFR
9. Transportation-based - Warehouse/distribution-based - Forwarder-based - Shipper/management-based - Financial-based - Information-based firms
TMS
WMS
Inventory Deployment Issue
Types of 3PLs
10. Enlightened - Educated - easy access to Internet
Ocean
Empowered Customer Force
Air
Order Cycle Time
11. How firms in this industry create value for their commercial clients
Performance Measurement Issue
Logistics Management
Time Utility Definition
Third Party Logistics Industry
12. Point-of-sale(POS); Collaborative planning - forecasting - and replenishment(CPFR); Vendor-managed inventory (VMI)
Organizational Consolidation Force
Place Utility Definition
ABC Activity-Based Costing
NAFTA
13. Export goods and services to overseas buyers and handles most of the export arrangements.
Internal Metrics
Vertical Relationship
Globalization Force
Export Trading Companies
14. Processes for developing and implementing successful relationship
Vertical Relationship
TMS
Supply Chain Relationship
Utility(ies) associated with Marketing
15. Refer to the traditional linkages between firms in the supply chain such as retailers - distributors - manufacturers - and parts and materials suppliers
Arm's Length
MRP
Vertical Relationship
CIF
16. Globalization - Technology - Organizational Consolidation - Empowered Customer - Government Policy and Regulation
Supply Chain
Forces Driving the Rate of Change
CPFR
Organizational Consolidation Force
17. Real and recognized benefits to all members - Dynamic creation - measurement - and evolution of collaborative partnerships - Co-buyer and co-seller relationships - Flexibility and security - Collaboration across all stages of business process integ
Categories of Logistics Quantification Pyramid
Immutable Laws of Collaborative Logistics
Internal Metrics
Collaborative Example
18. Adding value to products by making them available when they're needed.
Information Requirements
Logistics Activities
Top US exports to China
Time Utility Definition
19. Right product - right time - right quantity - right quality - right cost - right destination
Transportation Management Issue
TMS
Utility(ies) associated with Marketing
Strategic Example
20. The most pervasive and important global shipment method. Low rates - wide variety of products
Ocean
Supply Chain Flows
Physical Distribution
Inventory
21. Organizations require collaboration or cooperation.
Organizational Relationships Issue
3rd Party Logistics
Ocean
Quantity Utility Definition
22. ISs lead to the collection and storage of vast amounts of data and help lead to better decision making - but many companies are not taking advantage of it.
Information Issue
Service Logistics
Customer (7 R's of logistics)
Strategic Example
23. Deregulation: Transportation - Communications - and Financial Institutions
Global Markets Characteristics
Supply Chain Issues
Government Regulations and Policy Force
Two Phases of order mgmt.
24. Influences product availability
Physical Distribution
Order Cycle Time
Supply Chain
Top US trading partners
25. North American Free Trade Agreement. Establishes free trade between US - Canada - and Mexico
Top US imports from China
Empowered Customer Force
Customer (7 R's of logistics)
NAFTA
26. Focuses on the outbound side of of a firm's logistics system.
Performance Categories
Strategic Role of I.T.
Physical Distribution
Factors Affecting Demand
27. Fast - high rate
Internal Society of Logistics
Air
WMS
Motor
28. Networks - Complexity - Inventory Deployment - Information - Cost/Value - Organizational Relationships - Performance Measurement - Technology - Transportation Management - Supply Chain Security
4PL
Export Trading Companies
Supply Chain Issues
Forces Driving the Rate of Change
29. Getting the Right Things to the Right Place at the Right Time at the lowest cost.
Logistics
Supply Chain Network Issue
Strategic Role of I.T.
Export Trading Companies
30. Electrical Machinery - Power Generation Equipment
Forecasting
Forecast Errors
Cost/Value Issue
Top US exports to China
31. Analyze and evaluate on organizations efficiency over a time period.
Organizational Consolidation Force
Supply Chain Definition
Top US exports to China
Performance Measurement Issue
32. Right: information - partner - quantity - format - time - place - cost
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33. Business agreements between firms that have "parallel" or cooperating positions in the logistics process.
Horizontal Relationships
Immutable Laws of Collaborative Logistics
Supply Chain Definition
Business Logistics
34. The ________ is associated with downstream activities.
Supply Chain
Cost/Value Issue
Top US imports from China
CRM Customer Relationship Management
35. Producer to Store - servicing the customer
Organizational Relationships Issue
Arm's Length
Outbound
4PL
36. Both parties in a vendor relational are said to be at "arm's" length.
Time Utility Definition
Types of Forecasts
Transactional Relationship
Common Culture
37. Act as agents for domestic firms in the international arena.
Technology Issue
Globalization Force
DRP
Export Management Companies
38. Form Utility
ABC Activity-Based Costing
Service Logistics
Utility(ies) associated with Production
Transactional Relationship
39. Time - Dependability - Communications - Convenience
Forecast Errors
Quantity Utility Definition
Export Trading Companies
Dimensions of customer service
40. Customers trade partnership against terrorism
C-TPAT
DRP
Business Logistics
Arm's Length
41. Return on Assets.
Ocean
Supply Chain Relationship
Freight Forwarder
ROA
42. Order Fill Rate - Perfect Order
Air
External Metrics
Third Party Logistics Industry
Collaborative Example
43. Delivered Duty Paid
C-TPAT
Vertical Relationship
DDP
NAFTA
44. Procurement and Manufacturing - value adding activities
Inbound
Factors Affecting Demand
DRP
Physical Distribution
45. Form - Time - Place - Quantity - Possession
Utility(ies) associated with Marketing
ROA
Organizational Relationships Issue
Value Added Role of Logistics (5 types of utility)
46. Increased complexity for organizations (from SKUs to trade regulations) is a problem. Organizations should simplify.
Complexity Issue
Physical Distribution
Military Logistics
Quantity Utility Definition
47. Cost - Insurance - and Freight
Information Requirements
CIF
Information Issue
Supply Chain Issues
48. Measures cost and performance of activities.
TMS
Internal Metrics
ABC Activity-Based Costing
Value Added Role of Logistics (5 types of utility)
49. Relevant - Accurate - Accessible - Timely - Transferable
Performance Measurement Issue
Order Cycle Time
Information Requirements
S&OP
50. Strategically positioning customers to improve the profitability of the organization and enhance its relationship with its customer base
Supply Chain Definition
Customer Service
Supply Chain Network Issue
CRM Customer Relationship Management