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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. Acquisition - scheduling and management of the facilities/ assets - personnel and materials to support and sustain a service operation or business.
Physical Distribution
ABC Activity-Based Costing
Service Logistics
Customer (7 R's of logistics)
2. Enlightened - Educated - easy access to Internet
Organizational Relationships Issue
Empowered Customer Force
Event Logistics
Military Logistics
3. Adding value to products by having them where people want them.
Common Culture
Place Utility Definition
Supply Chain Security Issue
Supply Chain Relationship
4. Concern and potential challenge since 9/11. Must be prepared for terrorist attack.
Supply Chain Network Issue
CIF
Place Utility Definition
Supply Chain Security Issue
5. Right: information - partner - quantity - format - time - place - cost
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6. Right product - right time - right quantity - right quality - right cost - right destination
Export Trading Companies
The Micro Dimension
Transportation Management Issue
Forecasting
7. Enterprise Resource Planning
Strategic Relationship
Performance Categories
MRP
ERP
8. 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
Strategic Example
Vertical Relationship
Logistics Activities
DRP
9. Processes for developing and implementing successful relationship
S&OP
Ports
Collaborative Example
Supply Chain Relationship
10. Free Alongside Ship
Arm's Length
Ocean
Types of Forecasts
FAS
11. Simple moving average - Weighted Moving average - Exponential Smoothing - Adjusted Exponential Smoothing for Trend - Seasonal Influences
Arm's Length
Balancing Supply/Demand
Types of Forecasts
Strategic Relationship
12. Reliability - Responsiveness - Flexibility - Cost - Assets
Possession Utility
CFR
Major categories of metrics
Categories of Logistics Quantification Pyramid
13. 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).
R's of Information
Event Logistics
Supply Chain Issues
ROA
14. Cost and Freight
Ocean
Physical Distribution
CFR
3rd Party Logistics
15. Materials Requirement Planning
Business Logistics
3rd Party Logistics
Information Requirements
MRP
16. Efficiency (cost) and effectiveness (value). A challenge for SCs is the prevention of sub-optimization.
Collaborative Relationship
Cost/Value Issue
C-TPAT
Major categories of metrics
17. Transportation Management System
Service Logistics
TMS
Utility(ies) associated with Production
3rd Party Logistics
18. Providing time and place utility/value of materials and products in support of Functional management organization objectives.
Supply Chain Flows
C-TPAT
Top US exports to China
Component Support
19. Organizations require collaboration or cooperation.
Forces Driving the Rate of Change
Organizational Relationships Issue
CPFR
Utility(ies) associated with Production
20. Producer to Store - servicing the customer
Collaborative Relationship
Outbound
Horizontal Relationships
Global Markets Characteristics
21. Time Utility - Place Utility - Quantity Utility
Immutable Laws of Collaborative Logistics
Order Cycle Time
Utility(ies) associated with Logistics
Place Utility Definition
22. 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
Air
Inbound
Immutable Laws of Collaborative Logistics
The Micro Dimension
23. Export goods and services to overseas buyers and handles most of the export arrangements.
Globalization Force
Export Trading Companies
ABC Activity-Based Costing
Inventory
24. Refer to the traditional linkages between firms in the supply chain such as retailers - distributors - manufacturers - and parts and materials suppliers
Order Cycle Time
Business Logistics
ROA
Vertical Relationship
25. Current 1. WMS 2. Web-enabled communication 3. Visibility tools 4. TMS - Future 1. RFID 2. Collaboration tools 3. Supply chain planning and visibility tools
Supply Chain
NAFTA
WMS
Strategic Role of I.T.
26. Strategic Alliance
Technology Force
Ports
CIF
Strategic Example
27. The time that elapses from when a buyer places an order until receipt of the order
Immutable Laws of Collaborative Logistics
Horizontal Relationships
Top US trading partners
Order Cycle Time
28. Procurement and Manufacturing - value adding activities
Globalization Force
Forecasting
Freight Forwarder
Common Culture
29. An external supplier that performs all or part of a company's logistics functions.
Information Requirements
3rd Party Logistics
Cost/Value Issue
Order Cycle Time
30. Business agreements between firms that have "parallel" or cooperating positions in the logistics process.
Component Support
Supply Chain Relationship
Service Logistics
Horizontal Relationships
31. Return on Assets.
ROA
Cost/Value Issue
Types of Forecasts
Supply Chain Relationship
32. Increased complexity for organizations (from SKUs to trade regulations) is a problem. Organizations should simplify.
Strategic Relationship
Factors Affecting Demand
Complexity Issue
Utility(ies) associated with Production
33. Segment Customer Base - Identify the product service package - Develop and execute the best procedures - measure performance continuously
FOB
Ports
Types of Forecasts
Steps in implementing CRM
34. Customers trade partnership against terrorism
Performance Measurement Issue
Complexity Issue
C-TPAT
Logistics Activities
35. Represents an alternative that may imply even greater involvement than the partnership or strategic alliance
Collaborative Relationship
Government Regulations and Policy Force
Strategic Relationship
Forces Driving the Rate of Change
36. Sales and Order Processing
Outbound
S&OP
Supply Chain Security Issue
Strategic Example
37. Partner
Supply Chain Relationship
Four Subdivisions of Logistics
Collaborative Example
Transactional Relationship
38. Critical part of global supply chains
Ports
MRP
WMS
Utility(ies) associated with Marketing
39. The dual flow of Product/Services - Information - and Finances across the suppliers - distributors - manufacturers - wholesalers - and customers.
CPFR
WMS
Transportation Management Issue
Integrated Supply Chain
40. Adding value to products by making them available when they're needed.
Vertical Relationship
Steps in implementing CRM
Time Utility Definition
Logistics Activities
41. Business Logistics - Military Logistics - Event Logistics - Service Logistics
Supply Chain Flows
Four Subdivisions of Logistics
Military Logistics
Empowered Customer Force
42. 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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43. Management of Product/Service - Information - and Cash Flows.
Organizational Consolidation Force
Inbound
CRM Customer Relationship Management
Supply Chain Definition
44. Point-of-sale(POS); Collaborative planning - forecasting - and replenishment(CPFR); Vendor-managed inventory (VMI)
Organizational Consolidation Force
Dimensions of customer service
FAS
Organizational Relationships Issue
45. Electrical Machinery - Power Generation Equipment
Types of Forecasts
Two Phases of order mgmt.
Top US exports to China
Arm's Length
46. Random Variation - Trend - Seasonal Patterns - Normal Business Cycle
Quantity Utility Definition
The Micro Dimension
Factors Affecting Demand
Government Regulations and Policy Force
47. Reduced complexity - reduced product life cycle - more volatility - organizational structures frequently change.
Types of 3PLs
Possession Utility
Global Markets Characteristics
Form Utility Definition
48. Supplies expertise to international shippers. Consolidate small shipments. Derives income from fees for service.
Freight Forwarder
Motor
Globalization Force
Top US trading partners
49. Analyze and evaluate on organizations efficiency over a time period.
Logistics Activities
Arm's Length
Performance Measurement Issue
Organizational Consolidation Force
50. Globalization - Technology - Organizational Consolidation - Empowered Customer - Government Policy and Regulation
Place Utility Definition
Information Requirements
Forces Driving the Rate of Change
Balancing Supply/Demand