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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. 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).
External Metrics
Forecasting
Two Phases of order mgmt.
Event Logistics
2. Organizations require collaboration or cooperation.
Order Cycle Time
4PL
Top US trading partners
Organizational Relationships Issue
3. 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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4. Fast - high rate
Air
Logistics
Collaborative Example
Types of 3PLs
5. Return on Assets.
Information Issue
ROA
FAS
Internal Metrics
6. Providing time and place utility/value of materials and products in support of Functional management organization objectives.
Utility(ies) associated with Marketing
CIF
Factors Affecting Demand
Component Support
7. Time - Quality - Cost - Supporting Metrics
ROA
DRP
Empowered Customer Force
Performance Categories
8. Relevant - Accurate - Accessible - Timely - Transferable
Forces Driving the Rate of Change
Information Requirements
Motor
Complexity Issue
9. Growth to a global or worldwide scale. Important Issues in a SC: More volatile supply and demand - shorter product lifetimes - blurring of organizational boundaries.
Globalization Force
FAS
DDP
Supply Chain Network Issue
10. 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.
Types of 3PLs
Integrated Supply Chain
Information Issue
Logistics Management
11. Segment Customer Base - Identify the product service package - Develop and execute the best procedures - measure performance continuously
Military Logistics
Steps in implementing CRM
Strategic Relationship
Balancing Supply/Demand
12. Value added to goods through a manufacturing or assembly process.
Form Utility Definition
Internal Metrics
Horizontal Relationships
Utility(ies) associated with Logistics
13. Refer to the traditional linkages between firms in the supply chain such as retailers - distributors - manufacturers - and parts and materials suppliers
Vertical Relationship
ABC Activity-Based Costing
S&OP
Internal Metrics
14. The dual flow of Product/Services - Information - and Finances across the suppliers - distributors - manufacturers - wholesalers - and customers.
Transactional Relationship
Forces Driving the Rate of Change
Integrated Supply Chain
Collaborative Example
15. Management of materials in motion and at rest.
4PL
CIF
Air
Inventory
16. Vendor
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17. Acquisition - scheduling and management of the facilities/ assets - personnel and materials to support and sustain a service operation or business.
CPFR
Order Cycle Time
Form Utility Definition
Service Logistics
18. 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.
Strategic Relationship
Internal Society of Logistics
C-TPAT
4PL
19. Customers trade partnership against terrorism
C-TPAT
Utility(ies) associated with Production
Supply Chain
Military Logistics
20. Item Fill Rate - Line Fill Rate
Internal Metrics
Third Party Logistics Industry
Logistics
Inventory Deployment Issue
21. Deregulation: Transportation - Communications - and Financial Institutions
Possession Utility
DRP
Government Regulations and Policy Force
Cost/Value Issue
22. Partner
Collaborative Example
CIF
FAS
FOB
23. Sales and Order Processing
Organizational Relationships Issue
S&OP
Balancing Supply/Demand
Supply Chain Security Issue
24. Right product - right time - right quantity - right quality - right cost - right destination
Supply Chain Security Issue
Service Logistics
CIF
Transportation Management Issue
25. The ________ is associated with downstream activities.
Strategic Role of I.T.
Supply Chain
Government Regulations and Policy Force
Internal Metrics
26. Anything that touches the customer
NAFTA
Transportation Management Issue
Value Added Role of Logistics (5 types of utility)
Customer Service
27. Collaborative Planning - Forecasting - and Replenishment
ERP
Business Logistics
CPFR
CFR
28. Delivered Duty Paid
ERP
CPFR
DDP
TMS
29. An external supplier that performs all or part of a company's logistics functions.
Value Added Role of Logistics (5 types of utility)
NAFTA
Supply Chain Relationship
3rd Party Logistics
30. Globalization - Technology - Organizational Consolidation - Empowered Customer - Government Policy and Regulation
Forces Driving the Rate of Change
ROA
Inbound
Customer (7 R's of logistics)
31. How firms in this industry create value for their commercial clients
Information Requirements
Supply Chain Security Issue
Third Party Logistics Industry
Export Trading Companies
32. 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
Supply Chain Network Issue
Business Logistics
Top US exports to China
Information Issue
33. The network facilities and supporting transportation is important. It must be capable and able to respond to change in the marketplace.
Service Logistics
Supply Chain Network Issue
Common Culture
3rd Party Logistics
34. Channel Satisfaction - Transaction Cost and Revenue - Logistics Operations - Logistics Service
CRM Customer Relationship Management
ERP
Government Regulations and Policy Force
Categories of Logistics Quantification Pyramid
35. Coordination and Integration can reduce the inventory level on horizontal and vertical levels in the SC. (the bullwhip effect [when inventory is duplicated])
Ocean
Inventory Deployment Issue
TMS
Event Logistics
36. 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
Top US exports to China
Two Phases of order mgmt.
Dimensions of customer service
Logistics Activities
37. Strategically positioning customers to improve the profitability of the organization and enhance its relationship with its customer base
Top US imports from China
CRM Customer Relationship Management
Ports
Supply Chain Definition
38. Focuses on the outbound side of of a firm's logistics system.
Collaborative Example
Customer (7 R's of logistics)
Physical Distribution
Top US imports from China
39. Value added by delivering the proper amount of a good.
Order Cycle Time
Horizontal Relationships
Forecast Errors
Quantity Utility Definition
40. Measures cost and performance of activities.
ABC Activity-Based Costing
Customer (7 R's of logistics)
Supply Chain Flows
Business Logistics
41. Simple moving average - Weighted Moving average - Exponential Smoothing - Adjusted Exponential Smoothing for Trend - Seasonal Influences
Arm's Length
Service Logistics
Global Markets Characteristics
Types of Forecasts
42. Point-of-sale(POS); Collaborative planning - forecasting - and replenishment(CPFR); Vendor-managed inventory (VMI)
Internal Metrics
Utility(ies) associated with Marketing
Organizational Consolidation Force
Collaborative Relationship
43. The time that elapses from when a buyer places an order until receipt of the order
Inventory Deployment Issue
Order Cycle Time
Top US trading partners
Cost/Value Issue
44. Form Utility
Internal Metrics
Utility(ies) associated with Production
Immutable Laws of Collaborative Logistics
Customer Service
45. Materials Requirement Planning
NAFTA
Possession Utility
DDP
MRP
46. Time Utility - Place Utility - Quantity Utility
Supply Chain Flows
ROA
Form Utility Definition
Utility(ies) associated with Logistics
47. Electrical Machinery - Power Generation Equipment.
Supply Chain Security Issue
Globalization Force
ABC Activity-Based Costing
Top US imports from China
48. Product/Service - Information - Finance
Top US imports from China
Performance Measurement Issue
Supply Chain Flows
Internal Society of Logistics
49. Efficiency (cost) and effectiveness (value). A challenge for SCs is the prevention of sub-optimization.
Utility(ies) associated with Marketing
Dimensions of customer service
Cost/Value Issue
Types of Forecasts
50. Distribution Requirement Planning
Dimensions of customer service
S&OP
DRP
Place Utility Definition