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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. The network facilities and supporting transportation is important. It must be capable and able to respond to change in the marketplace.
Outbound
Business Logistics
Immutable Laws of Collaborative Logistics
Supply Chain Network Issue
2. Critical part of global supply chains
Value Added Role of Logistics (5 types of utility)
Ports
Organizational Consolidation Force
Government Regulations and Policy Force
3. An external supplier that performs all or part of a company's logistics functions.
3rd Party Logistics
Steps in implementing CRM
Business Logistics
Supply Chain Network Issue
4. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.
Place Utility Definition
ERP
Technology Force
Collaborative Example
5. Business agreements between firms that have "parallel" or cooperating positions in the logistics process.
CFR
ROA
Horizontal Relationships
Freight Forwarder
6. Management of Product/Service - Information - and Cash Flows.
Inventory Deployment Issue
Supply Chain Definition
Steps in implementing CRM
Collaborative Relationship
7. Partner
Collaborative Example
Freight Forwarder
CIF
Forecast Errors
8. Sales and Order Processing
Forces Driving the Rate of Change
Quantity Utility Definition
Business Logistics
S&OP
9. Plays large part in intermodal shipments.
Top US trading partners
Motor
Ocean
Integrated Supply Chain
10. Value added to goods through a manufacturing or assembly process.
Vertical Relationship
Supply Chain
Form Utility Definition
Business Logistics
11. Right: information - partner - quantity - format - time - place - cost
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12. The dual flow of Product/Services - Information - and Finances across the suppliers - distributors - manufacturers - wholesalers - and customers.
Common Culture
Technology Issue
Integrated Supply Chain
Transactional Relationship
13. Enlightened - Educated - easy access to Internet
Form Utility Definition
Council of Supply Chain Management
Empowered Customer Force
Major categories of metrics
14. Globalization - Technology - Organizational Consolidation - Empowered Customer - Government Policy and Regulation
Forces Driving the Rate of Change
Component Support
Collaborative Example
Military Logistics
15. Right product - right time - right quantity - right quality - right cost - right destination
Transportation Management Issue
Transactional Relationship
Strategic Example
Horizontal Relationships
16. Organizations require collaboration or cooperation.
Organizational Relationships Issue
Immutable Laws of Collaborative Logistics
Supply Chain
Export Trading Companies
17. 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
Logistics Activities
DDP
CRM Customer Relationship Management
3rd Party Logistics
18. Collaborative Planning - Forecasting - and Replenishment
Utility(ies) associated with Logistics
Top US trading partners
Forecasting
CPFR
19. Reliability - Responsiveness - Flexibility - Cost - Assets
Logistics
Top US imports from China
Horizontal Relationships
Major categories of metrics
20. Return on Assets.
Top US exports to China
Integrated Supply Chain
ROA
Top US trading partners
21. Primarily created through the basic marketing activities related to the promotion of products and services -
Place Utility Definition
Supply Chain
Possession Utility
Inventory Deployment Issue
22. Marketing - Manufacturing/operations - Finance - Accounting
The Micro Dimension
4PL
Strategic Example
Supply Chain Flows
23. Delivered Duty Paid
Forces Driving the Rate of Change
Inventory Deployment Issue
DDP
Empowered Customer Force
24. Challenge is to evaluate and successfully implement the technology
Technology Issue
MRP
Business Logistics
WMS
25. Canada - China - Mexico
Top US trading partners
MRP
Possession Utility
4PL
26. The management of the movement of materials and information within - into - and out of the firm
Two Phases of order mgmt.
Logistics Management
Order Cycle Time
Cost/Value Issue
27. Time - Dependability - Communications - Convenience
Dimensions of customer service
Strategic Example
TMS
Utility(ies) associated with Production
28. Distribution Requirement Planning
S&OP
Arm's Length
Balancing Supply/Demand
DRP
29. Free Alongside Ship
4PL
Utility(ies) associated with Logistics
FAS
Motor
30. Assembles and manages the resources - capabilities - and technology of its own organization with those of complementary service providers to deliver a comprehensive supply chain solution.
Export Management Companies
4PL
Internal Society of Logistics
Order Cycle Time
31. Possession Utility
Freight Forwarder
Utility(ies) associated with Marketing
Organizational Consolidation Force
Major categories of metrics
32. Efficiency (cost) and effectiveness (value). A challenge for SCs is the prevention of sub-optimization.
Export Trading Companies
Cost/Value Issue
Service Logistics
Supply Chain Flows
33. Measures cost and performance of activities.
Arm's Length
ABC Activity-Based Costing
Performance Categories
Logistics
34. Cost - Insurance - and Freight
CIF
Four Subdivisions of Logistics
Supply Chain Relationship
Freight Forwarder
35. The ________ is associated with downstream activities.
Government Regulations and Policy Force
Supply Chain
ROA
Export Management Companies
36. 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
Collaborative Relationship
Quantity Utility Definition
Common Culture
Integrated Supply Chain
37. Enterprise Resource Planning
ERP
Time Utility Definition
Form Utility Definition
Utility(ies) associated with Logistics
38. 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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39. Adding value to products by having them where people want them.
Utility(ies) associated with Production
Information Issue
Forces Driving the Rate of Change
Place Utility Definition
40. Act as agents for domestic firms in the international arena.
Order Cycle Time
CRM Customer Relationship Management
Information Requirements
Export Management Companies
41. Time - Quality - Cost - Supporting Metrics
Order Cycle Time
Supply Chain Definition
Performance Categories
Information Requirements
42. Two or more business orgs cooperate and willingly modify their business objectives and practices to help achieve long-term goals.
Information Issue
Common Culture
Collaborative Relationship
Strategic Relationship
43. Warehouse Management System
Inventory
Inbound
Organizational Relationships Issue
WMS
44. Coordination and Integration can reduce the inventory level on horizontal and vertical levels in the SC. (the bullwhip effect [when inventory is duplicated])
Export Trading Companies
Top US trading partners
Inventory Deployment Issue
Top US imports from China
45. Transportation Management System
TMS
Ocean
Inbound
CIF
46. Form Utility
Value Added Role of Logistics (5 types of utility)
Complexity Issue
Arm's Length
Utility(ies) associated with Production
47. Acquisition - scheduling and management of the facilities/ assets - personnel and materials to support and sustain a service operation or business.
Service Logistics
Top US trading partners
The Micro Dimension
TMS
48. Management of materials in motion and at rest.
WMS
Inventory
Types of 3PLs
Transportation Management Issue
49. Export goods and services to overseas buyers and handles most of the export arrangements.
MRP
Export Trading Companies
R's of Information
Place Utility Definition
50. Item Fill Rate - Line Fill Rate
Logistics Activities
Horizontal Relationships
Internal Metrics
Supply Chain