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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. Electrical Machinery - Power Generation Equipment.
Top US imports from China
Types of Forecasts
Forces Driving the Rate of Change
CRM Customer Relationship Management
2. Represents an alternative that may imply even greater involvement than the partnership or strategic alliance
Strategic Relationship
Global Markets Characteristics
Quantity Utility Definition
Cost/Value Issue
3. The time that elapses from when a buyer places an order until receipt of the order
Collaborative Example
Order Cycle Time
Supply Chain Flows
DRP
4. Efficiency (cost) and effectiveness (value). A challenge for SCs is the prevention of sub-optimization.
Forecasting
Cost/Value Issue
Value Added Role of Logistics (5 types of utility)
Inventory
5. Materials Requirement Planning
Top US exports to China
TMS
Order Cycle Time
MRP
6. Right product - right time - right quantity - right quality - right cost - right destination
The Micro Dimension
Freight Forwarder
Transportation Management Issue
Forecast Errors
7. Focuses on the outbound side of of a firm's logistics system.
Utility(ies) associated with Marketing
Physical Distribution
Categories of Logistics Quantification Pyramid
Types of 3PLs
8. Transportation-based - Warehouse/distribution-based - Forwarder-based - Shipper/management-based - Financial-based - Information-based firms
Transactional Relationship
Types of 3PLs
Government Regulations and Policy Force
Event Logistics
9. Time - Quality - Cost - Supporting Metrics
Possession Utility
Customer Service
Performance Categories
FAS
10. The management of the movement of materials and information within - into - and out of the firm
Place Utility Definition
Logistics Management
Collaborative Relationship
Information Requirements
11. Procurement and Manufacturing - value adding activities
Information Requirements
Performance Categories
Forecasting
Export Management Companies
12. Networks - Complexity - Inventory Deployment - Information - Cost/Value - Organizational Relationships - Performance Measurement - Technology - Transportation Management - Supply Chain Security
Strategic Role of I.T.
Supply Chain Issues
Form Utility Definition
Physical Distribution
13. External - Balancing - Price & Lead Time - Internal - Internal Balancing & Inventory/Production flexibility
Collaborative Relationship
Balancing Supply/Demand
ABC Activity-Based Costing
Collaborative Example
14. Fast - high rate
Internal Society of Logistics
Air
Performance Measurement Issue
Steps in implementing CRM
15. Influences product availability
Common Culture
ERP
Order Cycle Time
TMS
16. Challenge is to evaluate and successfully implement the technology
Technology Issue
Outbound
Third Party Logistics Industry
Value Added Role of Logistics (5 types of utility)
17. Cost and Freight
Performance Categories
Steps in implementing CRM
Order Cycle Time
CFR
18. Possession Utility
Empowered Customer Force
Supply Chain Issues
Utility(ies) associated with Marketing
Forecast Errors
19. 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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20. CFE - MSE - MAD - MAPE
Forecast Errors
Order Cycle Time
Outbound
4PL
21. Strategic Alliance
Customer (7 R's of logistics)
Empowered Customer Force
Strategic Example
Export Management Companies
22. Management of Product/Service - Information - and Cash Flows.
Order Cycle Time
Possession Utility
Supply Chain Definition
Time Utility Definition
23. Random Variation - Trend - Seasonal Patterns - Normal Business Cycle
WMS
Forecast Errors
Vertical Relationship
Factors Affecting Demand
24. Enlightened - Educated - easy access to Internet
Supply Chain Network Issue
TMS
Technology Issue
Empowered Customer Force
25. Enterprise Resource Planning
R's of Information
Categories of Logistics Quantification Pyramid
ERP
FAS
26. Sales and Order Processing
Organizational Consolidation Force
Export Management Companies
S&OP
4PL
27. Deregulation: Transportation - Communications - and Financial Institutions
Supply Chain Security Issue
Government Regulations and Policy Force
Motor
FOB
28. Globalization - Technology - Organizational Consolidation - Empowered Customer - Government Policy and Regulation
Forces Driving the Rate of Change
Supply Chain Flows
Empowered Customer Force
Quantity Utility Definition
29. Item Fill Rate - Line Fill Rate
Strategic Example
C-TPAT
Customer (7 R's of logistics)
Internal Metrics
30. Providing time and place utility/value of materials and products in support of Functional management organization objectives.
Component Support
Third Party Logistics Industry
Strategic Role of I.T.
Performance Measurement Issue
31. Vendor
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32. Marketing - Manufacturing/operations - Finance - Accounting
The Micro Dimension
Quantity Utility Definition
Forecasting
DRP
33. Form Utility
Utility(ies) associated with Production
Immutable Laws of Collaborative Logistics
ABC Activity-Based Costing
Ocean
34. Canada - China - Mexico
FAS
Top US trading partners
Information Issue
CRM Customer Relationship Management
35. Adding value to products by having them where people want them.
Place Utility Definition
Strategic Relationship
S&OP
Service Logistics
36. Time - Dependability - Communications - Convenience
Supply Chain
ABC Activity-Based Costing
Major categories of metrics
Dimensions of customer service
37. Delivered Duty Paid
Logistics Activities
DDP
Performance Measurement Issue
CIF
38. Order Fill Rate - Perfect Order
Supply Chain
External Metrics
Transactional Relationship
Component Support
39. Point-of-sale(POS); Collaborative planning - forecasting - and replenishment(CPFR); Vendor-managed inventory (VMI)
Organizational Consolidation Force
MRP
4PL
Utility(ies) associated with Logistics
40. Management of materials in motion and at rest.
Inventory
Order Cycle Time
ERP
WMS
41. 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).
Event Logistics
Component Support
Technology Force
CFR
42. Partner
Collaborative Example
R's of Information
Integrated Supply Chain
Third Party Logistics Industry
43. Measures cost and performance of activities.
Performance Categories
Balancing Supply/Demand
Arm's Length
ABC Activity-Based Costing
44. 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
R's of Information
Common Culture
Supply Chain Network Issue
Third Party Logistics Industry
45. Strategically positioning customers to improve the profitability of the organization and enhance its relationship with its customer base
Outbound
CRM Customer Relationship Management
Logistics Management
Technology Issue
46. Primarily created through the basic marketing activities related to the promotion of products and services -
Globalization Force
Possession Utility
Forces Driving the Rate of Change
Technology Force
47. Value added by delivering the proper amount of a good.
Types of Forecasts
Logistics Activities
Time Utility Definition
Quantity Utility Definition
48. Supplies expertise to international shippers. Consolidate small shipments. Derives income from fees for service.
Types of Forecasts
Freight Forwarder
Form Utility Definition
Service Logistics
49. Reduced complexity - reduced product life cycle - more volatility - organizational structures frequently change.
Immutable Laws of Collaborative Logistics
Global Markets Characteristics
Common Culture
Utility(ies) associated with Production
50. Organizations require collaboration or cooperation.
Technology Force
Organizational Relationships Issue
Time Utility Definition
Customer Service