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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. Form - Time - Place - Quantity - Possession
R's of Information
Top US exports to China
Value Added Role of Logistics (5 types of utility)
Service Logistics
2. Time Utility - Place Utility - Quantity Utility
Utility(ies) associated with Logistics
Council of Supply Chain Management
CIF
ROA
3. Influences product availability
The Micro Dimension
Order Cycle Time
Major categories of metrics
External Metrics
4. Act as agents for domestic firms in the international arena.
Export Management Companies
Strategic Example
Transportation Management Issue
Logistics Management
5. Item Fill Rate - Line Fill Rate
Four Subdivisions of Logistics
Internal Metrics
Inventory Deployment Issue
Customer (7 R's of logistics)
6. Enlightened - Educated - easy access to Internet
Empowered Customer Force
CFR
Two Phases of order mgmt.
Organizational Consolidation Force
7. Focuses on the outbound side of of a firm's logistics system.
Quantity Utility Definition
Physical Distribution
Cost/Value Issue
Event Logistics
8. Random Variation - Trend - Seasonal Patterns - Normal Business Cycle
Collaborative Example
Factors Affecting Demand
MRP
Categories of Logistics Quantification Pyramid
9. Analyze and evaluate on organizations efficiency over a time period.
Physical Distribution
Utility(ies) associated with Production
Council of Supply Chain Management
Performance Measurement Issue
10. Vendor
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11. Anything that touches the customer
Global Markets Characteristics
Customer Service
Logistics
Internal Metrics
12. Plays large part in intermodal shipments.
Information Requirements
R's of Information
Motor
Utility(ies) associated with Production
13. Value added to goods through a manufacturing or assembly process.
Possession Utility
Order Cycle Time
3rd Party Logistics
Form Utility Definition
14. Measures cost and performance of activities.
Physical Distribution
ABC Activity-Based Costing
S&OP
TMS
15. Partner
Complexity Issue
Immutable Laws of Collaborative Logistics
Military Logistics
Collaborative Example
16. Right: information - partner - quantity - format - time - place - cost
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17. How firms in this industry create value for their commercial clients
Forecast Errors
Third Party Logistics Industry
Order Cycle Time
ABC Activity-Based Costing
18. Cost and Freight
Export Management Companies
Supply Chain Security Issue
Types of Forecasts
CFR
19. Reduced complexity - reduced product life cycle - more volatility - organizational structures frequently change.
Performance Measurement Issue
Global Markets Characteristics
Two Phases of order mgmt.
Logistics Activities
20. Adding value to products by having them where people want them.
Motor
Place Utility Definition
3rd Party Logistics
Technology Issue
21. Form Utility
Supply Chain Issues
Freight Forwarder
Immutable Laws of Collaborative Logistics
Utility(ies) associated with Production
22. Transportation-based - Warehouse/distribution-based - Forwarder-based - Shipper/management-based - Financial-based - Information-based firms
Place Utility Definition
Transportation Management Issue
Types of 3PLs
Ports
23. Deregulation: Transportation - Communications - and Financial Institutions
Top US exports to China
Supply Chain Relationship
Government Regulations and Policy Force
Supply Chain
24. Increased complexity for organizations (from SKUs to trade regulations) is a problem. Organizations should simplify.
Supply Chain Issues
Complexity Issue
Third Party Logistics Industry
TMS
25. Getting the right product - to the right customer - in the right quantity - in the right condition - at the right place - at the right time - and at the right cost.
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26. Primarily created through the basic marketing activities related to the promotion of products and services -
Top US trading partners
Customer Service
Council of Supply Chain Management
Possession Utility
27. Coordination and Integration can reduce the inventory level on horizontal and vertical levels in the SC. (the bullwhip effect [when inventory is duplicated])
Strategic Example
Immutable Laws of Collaborative Logistics
Inventory Deployment Issue
Steps in implementing CRM
28. Product/Service - Information - Finance
Supply Chain Flows
Time Utility Definition
ROA
Transactional Relationship
29. Networks - Complexity - Inventory Deployment - Information - Cost/Value - Organizational Relationships - Performance Measurement - Technology - Transportation Management - Supply Chain Security
Supply Chain Issues
Utility(ies) associated with Logistics
Supply Chain
Performance Measurement Issue
30. Transportation Management System
Dimensions of customer service
Customer Service
TMS
Categories of Logistics Quantification Pyramid
31. Growth to a global or worldwide scale. Important Issues in a SC: More volatile supply and demand - shorter product lifetimes - blurring of organizational boundaries.
Internal Metrics
Globalization Force
DRP
ROA
32. Efficiency (cost) and effectiveness (value). A challenge for SCs is the prevention of sub-optimization.
Cost/Value Issue
DDP
Logistics Management
External Metrics
33. Collaborative Planning - Forecasting - and Replenishment
FAS
CPFR
Supply Chain Issues
Complexity Issue
34. Time - Quality - Cost - Supporting Metrics
Supply Chain Relationship
Collaborative Relationship
Military Logistics
Performance Categories
35. The management of the movement of materials and information within - into - and out of the firm
Transportation Management Issue
Logistics
Supply Chain Relationship
Logistics Management
36. Processes for developing and implementing successful relationship
Strategic Role of I.T.
Freight Forwarder
Supply Chain Relationship
Factors Affecting Demand
37. Management of materials in motion and at rest.
Quantity Utility Definition
Inventory
FOB
Arm's Length
38. Procurement and Manufacturing - value adding activities
Top US trading partners
FOB
Forecasting
Types of 3PLs
39. Fast - high rate
S&OP
Dimensions of customer service
Collaborative Relationship
Air
40. Network of activities - facilities and personnel required to organize - schedule and deploy the resources for an even to take place and to effectively withdraw after the even (ex: Superbowl).
DDP
CPFR
Types of Forecasts
Event Logistics
41. The branch of military science having to do with procuring - maintaining - utility/value and transporting material - personnel - and facilities
WMS
CIF
Internal Society of Logistics
Place Utility Definition
42. Free Alongside Ship
Information Issue
TMS
FAS
CIF
43. Concern and potential challenge since 9/11. Must be prepared for terrorist attack.
Supply Chain Security Issue
Dimensions of customer service
Export Trading Companies
Business Logistics
44. Simple moving average - Weighted Moving average - Exponential Smoothing - Adjusted Exponential Smoothing for Trend - Seasonal Influences
Types of Forecasts
Inbound
Logistics Activities
Place Utility Definition
45. Customers trade partnership against terrorism
Strategic Role of I.T.
WMS
C-TPAT
Quantity Utility Definition
46. Possession Utility
Inventory Deployment Issue
Vertical Relationship
Utility(ies) associated with Marketing
Forecast Errors
47. Strategically positioning customers to improve the profitability of the organization and enhance its relationship with its customer base
Time Utility Definition
Place Utility Definition
Forecast Errors
CRM Customer Relationship Management
48. North American Free Trade Agreement. Establishes free trade between US - Canada - and Mexico
Categories of Logistics Quantification Pyramid
NAFTA
Possession Utility
Organizational Relationships Issue
49. Strategic Alliance
4PL
Ocean
Balancing Supply/Demand
Strategic Example
50. Return on Assets.
Service Logistics
ROA
Council of Supply Chain Management
C-TPAT