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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. Item Fill Rate - Line Fill Rate
Internal Metrics
Dimensions of customer service
Technology Issue
Inbound
2. 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.
Strategic Example
FOB
Information Issue
DDP
3. Management of Product/Service - Information - and Cash Flows.
Supply Chain Definition
Strategic Role of I.T.
Forecast Errors
Value Added Role of Logistics (5 types of utility)
4. 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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5. Time - Quality - Cost - Supporting Metrics
Performance Categories
Council of Supply Chain Management
CFR
Ports
6. Value added to goods through a manufacturing or assembly process.
Form Utility Definition
Value Added Role of Logistics (5 types of utility)
Forecast Errors
Order Cycle Time
7. Strategic Alliance
Forecast Errors
Air
CRM Customer Relationship Management
Strategic Example
8. An external supplier that performs all or part of a company's logistics functions.
3rd Party Logistics
CRM Customer Relationship Management
Strategic Relationship
TMS
9. Adding value to products by having them where people want them.
Strategic Relationship
Place Utility Definition
Logistics Management
Performance Measurement Issue
10. Segment Customer Base - Identify the product service package - Develop and execute the best procedures - measure performance continuously
Steps in implementing CRM
External Metrics
The Micro Dimension
Ocean
11. Free On Board
Cost/Value Issue
Utility(ies) associated with Marketing
FOB
Types of 3PLs
12. Relevant - Accurate - Accessible - Timely - Transferable
Two Phases of order mgmt.
Information Requirements
Types of Forecasts
Global Markets Characteristics
13. Globalization - Technology - Organizational Consolidation - Empowered Customer - Government Policy and Regulation
Dimensions of customer service
Technology Issue
The Micro Dimension
Forces Driving the Rate of Change
14. Collaborative Planning - Forecasting - and Replenishment
CPFR
Supply Chain
Strategic Example
Top US trading partners
15. Order Fill Rate - Perfect Order
Technology Force
External Metrics
Strategic Example
Top US trading partners
16. Simple moving average - Weighted Moving average - Exponential Smoothing - Adjusted Exponential Smoothing for Trend - Seasonal Influences
FOB
Utility(ies) associated with Logistics
TMS
Types of Forecasts
17. Electrical Machinery - Power Generation Equipment
Empowered Customer Force
Collaborative Example
Supply Chain Network Issue
Top US exports to China
18. Right: information - partner - quantity - format - time - place - cost
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19. How firms in this industry create value for their commercial clients
Four Subdivisions of Logistics
Major categories of metrics
Third Party Logistics Industry
DRP
20. Canada - China - Mexico
Dimensions of customer service
WMS
S&OP
Top US trading partners
21. Critical part of global supply chains
TMS
Supply Chain Flows
Ports
Order Cycle Time
22. Business Logistics - Military Logistics - Event Logistics - Service Logistics
Four Subdivisions of Logistics
CRM Customer Relationship Management
Export Trading Companies
S&OP
23. Adding value to products by making them available when they're needed.
Internal Society of Logistics
Collaborative Example
Time Utility Definition
Types of 3PLs
24. Free Alongside Ship
Arm's Length
Two Phases of order mgmt.
Organizational Relationships Issue
FAS
25. North American Free Trade Agreement. Establishes free trade between US - Canada - and Mexico
NAFTA
Time Utility Definition
Supply Chain Relationship
Quantity Utility Definition
26. Management of materials in motion and at rest.
Council of Supply Chain Management
Supply Chain Relationship
Inventory
CIF
27. Sales and Order Processing
S&OP
Common Culture
Service Logistics
Supply Chain Network Issue
28. 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).
Logistics Activities
Service Logistics
Event Logistics
Types of Forecasts
29. Export goods and services to overseas buyers and handles most of the export arrangements.
Export Trading Companies
Top US imports from China
Value Added Role of Logistics (5 types of utility)
Complexity Issue
30. 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
Physical Distribution
ROA
Immutable Laws of Collaborative Logistics
Ocean
31. Transportation Management System
FAS
TMS
Time Utility Definition
Global Markets Characteristics
32. The design and integration of all aspects of support for the operational capability of the military forces and their equipment to ensure readiness - reliability and efficiency.
Air
Supply Chain Flows
Utility(ies) associated with Production
Military Logistics
33. Primarily created through the basic marketing activities related to the promotion of products and services -
Possession Utility
ROA
Order Cycle Time
Horizontal Relationships
34. Challenge is to evaluate and successfully implement the technology
Council of Supply Chain Management
Technology Issue
Immutable Laws of Collaborative Logistics
ABC Activity-Based Costing
35. Procurement and Manufacturing - value adding activities
Performance Categories
Government Regulations and Policy Force
Transactional Relationship
Forecasting
36. Electrical Machinery - Power Generation Equipment.
Top US imports from China
Forecasting
Common Culture
Vertical Relationship
37. Both parties in a vendor relational are said to be at "arm's" length.
Inventory Deployment Issue
Supply Chain Flows
Supply Chain Definition
Transactional Relationship
38. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.
ERP
Export Trading Companies
Technology Force
Component Support
39. CFE - MSE - MAD - MAPE
Outbound
Inventory Deployment Issue
Forecast Errors
Forecasting
40. Acquisition - scheduling and management of the facilities/ assets - personnel and materials to support and sustain a service operation or business.
Customer Service
Service Logistics
Export Trading Companies
Complexity Issue
41. The process of planning - implementing - and controlling the efficient - effective flow and storage of goods - services - and related information from the point of origin to the point of consumption for the purpose of conforming to customer requ
Strategic Relationship
Business Logistics
Dimensions of customer service
Service Logistics
42. Efficiency (cost) and effectiveness (value). A challenge for SCs is the prevention of sub-optimization.
Information Issue
Form Utility Definition
Cost/Value Issue
Order Cycle Time
43. Influences product availability
Four Subdivisions of Logistics
Internal Society of Logistics
Order Cycle Time
Logistics Management
44. Enlightened - Educated - easy access to Internet
Inventory
Empowered Customer Force
Utility(ies) associated with Production
ROA
45. Possession Utility
Utility(ies) associated with Marketing
Performance Categories
Place Utility Definition
Component Support
46. The time that elapses from when a buyer places an order until receipt of the order
Horizontal Relationships
FOB
Types of Forecasts
Order Cycle Time
47. Random Variation - Trend - Seasonal Patterns - Normal Business Cycle
Organizational Consolidation Force
Factors Affecting Demand
Empowered Customer Force
Forces Driving the Rate of Change
48. Marketing - Manufacturing/operations - Finance - Accounting
Ports
Dimensions of customer service
The Micro Dimension
Form Utility Definition
49. Focuses on the outbound side of of a firm's logistics system.
Military Logistics
Physical Distribution
Forces Driving the Rate of Change
The Micro Dimension
50. Represents an alternative that may imply even greater involvement than the partnership or strategic alliance
Freight Forwarder
Transportation Management Issue
Strategic Relationship
Technology Force