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Test your basic knowledge |
Business Logistics Management
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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. Transportation-based - Warehouse/distribution-based - Forwarder-based - Shipper/management-based - Financial-based - Information-based firms
Component Support
Customer (7 R's of logistics)
Global Markets Characteristics
Types of 3PLs
2. Value added to goods through a manufacturing or assembly process.
MRP
ERP
4PL
Form Utility Definition
3. Electrical Machinery - Power Generation Equipment.
Complexity Issue
R's of Information
Supply Chain Issues
Top US imports from China
4. Transportation Management System
DRP
Arm's Length
TMS
Technology Force
5. Canada - China - Mexico
Inbound
Service Logistics
Top US trading partners
C-TPAT
6. Free On Board
Physical Distribution
Major categories of metrics
Steps in implementing CRM
FOB
7. That part of the supply chain process that plans - implements - and controls the efficient - effective flow and storage of goods - services - and related information from point of origin to point of consumption in order to meet customer requirem
Common Culture
FOB
WMS
Cost/Value Issue
8. An external supplier that performs all or part of a company's logistics functions.
Supply Chain Security Issue
Global Markets Characteristics
3rd Party Logistics
ABC Activity-Based Costing
9. Focuses on the outbound side of of a firm's logistics system.
External Metrics
R's of Information
Top US imports from China
Physical Distribution
10. Transportation - Warehousing and storage - Industrial packaging - Materials handling - Inventory control - Order fulfillment - Demand forecasting - Production planning/scheduling - Procurement - Customer service - Facility location - Return goods han
Quantity Utility Definition
Logistics Activities
Supply Chain Security Issue
Types of Forecasts
11. Influences product availability
Order Cycle Time
Value Added Role of Logistics (5 types of utility)
Council of Supply Chain Management
Air
12. Random Variation - Trend - Seasonal Patterns - Normal Business Cycle
Four Subdivisions of Logistics
Factors Affecting Demand
Supply Chain Network Issue
Strategic Relationship
13. Simple moving average - Weighted Moving average - Exponential Smoothing - Adjusted Exponential Smoothing for Trend - Seasonal Influences
Types of Forecasts
Two Phases of order mgmt.
Supply Chain Relationship
Inventory
14. The time that elapses from when a buyer places an order until receipt of the order
Technology Issue
Order Cycle Time
Outbound
Council of Supply Chain Management
15. Sales and Order Processing
Types of 3PLs
Logistics Activities
S&OP
3rd Party Logistics
16. Form - Time - Place - Quantity - Possession
Value Added Role of Logistics (5 types of utility)
Logistics
The Micro Dimension
Collaborative Relationship
17. Cost - Insurance - and Freight
CIF
Event Logistics
Internal Metrics
Collaborative Relationship
18. Reduced complexity - reduced product life cycle - more volatility - organizational structures frequently change.
Global Markets Characteristics
TMS
Place Utility Definition
Horizontal Relationships
19. Time - Dependability - Communications - Convenience
DDP
Export Management Companies
Dimensions of customer service
Two Phases of order mgmt.
20. Two or more business orgs cooperate and willingly modify their business objectives and practices to help achieve long-term goals.
Collaborative Relationship
Forces Driving the Rate of Change
Four Subdivisions of Logistics
Utility(ies) associated with Production
21. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.
Technology Force
The Micro Dimension
CIF
Time Utility Definition
22. Management of materials in motion and at rest.
Inventory
Information Issue
Motor
ROA
23. The most pervasive and important global shipment method. Low rates - wide variety of products
Organizational Relationships Issue
TMS
Ocean
Forces Driving the Rate of Change
24. 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.
Ocean
Air
Internal Society of Logistics
Information Issue
25. Represents an alternative that may imply even greater involvement than the partnership or strategic alliance
Common Culture
Collaborative Example
Form Utility Definition
Strategic Relationship
26. Partner
S&OP
Organizational Relationships Issue
Performance Measurement Issue
Collaborative Example
27. Both parties in a vendor relational are said to be at "arm's" length.
Inbound
FAS
Transactional Relationship
Utility(ies) associated with Production
28. 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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29. Right: information - partner - quantity - format - time - place - cost
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30. Order Fill Rate - Perfect Order
Ocean
Military Logistics
Utility(ies) associated with Logistics
External Metrics
31. The management of the movement of materials and information within - into - and out of the firm
Organizational Consolidation Force
Supply Chain Network Issue
Supply Chain Flows
Logistics Management
32. Plays large part in intermodal shipments.
Motor
CFR
CPFR
Forces Driving the Rate of Change
33. Supplies expertise to international shippers. Consolidate small shipments. Derives income from fees for service.
Transportation Management Issue
Supply Chain Relationship
Freight Forwarder
Supply Chain Network Issue
34. CFE - MSE - MAD - MAPE
Forecast Errors
Export Trading Companies
Immutable Laws of Collaborative Logistics
ROA
35. Distribution Requirement Planning
Order Cycle Time
DRP
Outbound
Strategic Role of I.T.
36. Business Logistics - Military Logistics - Event Logistics - Service Logistics
Transactional Relationship
Motor
Four Subdivisions of Logistics
Top US trading partners
37. Return on Assets.
Global Markets Characteristics
Place Utility Definition
ROA
Utility(ies) associated with Logistics
38. Providing time and place utility/value of materials and products in support of Functional management organization objectives.
The Micro Dimension
Military Logistics
Component Support
Cost/Value Issue
39. How firms in this industry create value for their commercial clients
Common Culture
Third Party Logistics Industry
3rd Party Logistics
Dimensions of customer service
40. Producer to Store - servicing the customer
External Metrics
Logistics
Freight Forwarder
Outbound
41. Delivered Duty Paid
DDP
Two Phases of order mgmt.
Technology Issue
Time Utility Definition
42. 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
Order Cycle Time
Business Logistics
ROA
Forces Driving the Rate of Change
43. Measures cost and performance of activities.
Logistics Management
ABC Activity-Based Costing
Motor
Physical Distribution
44. Fast - high rate
Air
Service Logistics
Vertical Relationship
Collaborative Relationship
45. Adding value to products by making them available when they're needed.
Information Issue
Strategic Relationship
4PL
Time Utility Definition
46. Organizations require collaboration or cooperation.
Balancing Supply/Demand
DDP
TMS
Organizational Relationships Issue
47. Efficiency (cost) and effectiveness (value). A challenge for SCs is the prevention of sub-optimization.
Value Added Role of Logistics (5 types of utility)
Military Logistics
Performance Categories
Cost/Value Issue
48. Acquisition - scheduling and management of the facilities/ assets - personnel and materials to support and sustain a service operation or business.
Supply Chain Definition
Service Logistics
Top US trading partners
Forecasting
49. Strategic Alliance
Integrated Supply Chain
Strategic Example
CPFR
Internal Metrics
50. Relevant - Accurate - Accessible - Timely - Transferable
Integrated Supply Chain
Information Requirements
Service Logistics
Motor