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Test your basic knowledge |
Business Logistics Management
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Subject
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business-skills
Instructions:
Answer 50 questions in 15 minutes.
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Match each statement with the correct term.
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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. Channel Satisfaction - Transaction Cost and Revenue - Logistics Operations - Logistics Service
Inventory Deployment Issue
Categories of Logistics Quantification Pyramid
Factors Affecting Demand
Information Requirements
2. Time - Dependability - Communications - Convenience
Dimensions of customer service
Military Logistics
MRP
Global Markets Characteristics
3. 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
Common Culture
Information Issue
Supply Chain
4. Refer to the traditional linkages between firms in the supply chain such as retailers - distributors - manufacturers - and parts and materials suppliers
Order Cycle Time
Vertical Relationship
Outbound
Information Issue
5. Procurement and Manufacturing - value adding activities
WMS
R's of Information
Inbound
Time Utility Definition
6. Act as agents for domestic firms in the international arena.
Technology Issue
Export Management Companies
Forces Driving the Rate of Change
The Micro Dimension
7. Acquisition - scheduling and management of the facilities/ assets - personnel and materials to support and sustain a service operation or business.
CFR
Service Logistics
Third Party Logistics Industry
Strategic Role of I.T.
8. Free On Board
Two Phases of order mgmt.
FOB
Logistics Activities
Inbound
9. Form Utility
Business Logistics
Globalization Force
Types of 3PLs
Utility(ies) associated with Production
10. Transportation-based - Warehouse/distribution-based - Forwarder-based - Shipper/management-based - Financial-based - Information-based firms
Air
Types of 3PLs
Empowered Customer Force
Transactional Relationship
11. 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.
Transactional Relationship
4PL
Time Utility Definition
Air
12. Procurement and Manufacturing - value adding activities
Possession Utility
FAS
Order Cycle Time
Forecasting
13. Sales and Order Processing
Inventory Deployment Issue
Horizontal Relationships
Globalization Force
S&OP
14. How firms in this industry create value for their commercial clients
Third Party Logistics Industry
Horizontal Relationships
Transactional Relationship
DRP
15. Critical part of global supply chains
Ports
Freight Forwarder
Utility(ies) associated with Production
Top US imports from China
16. Vendor
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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
Internal Metrics
C-TPAT
TMS
18. Enterprise Resource Planning
Ports
ERP
DRP
Freight Forwarder
19. The time that elapses from when a buyer places an order until receipt of the order
Order Cycle Time
4PL
Integrated Supply Chain
ABC Activity-Based Costing
20. Possession Utility
NAFTA
Immutable Laws of Collaborative Logistics
Utility(ies) associated with Marketing
Technology Force
21. Efficiency (cost) and effectiveness (value). A challenge for SCs is the prevention of sub-optimization.
Inbound
Physical Distribution
Ocean
Cost/Value Issue
22. Electrical Machinery - Power Generation Equipment.
Common Culture
Performance Measurement Issue
Physical Distribution
Top US imports from China
23. Deregulation: Transportation - Communications - and Financial Institutions
Supply Chain Definition
Ports
Categories of Logistics Quantification Pyramid
Government Regulations and Policy Force
24. Random Variation - Trend - Seasonal Patterns - Normal Business Cycle
Supply Chain Relationship
Factors Affecting Demand
Steps in implementing CRM
Forecast Errors
25. Networks - Complexity - Inventory Deployment - Information - Cost/Value - Organizational Relationships - Performance Measurement - Technology - Transportation Management - Supply Chain Security
Steps in implementing CRM
Vertical Relationship
Arm's Length
Supply Chain Issues
26. Form - Time - Place - Quantity - Possession
Value Added Role of Logistics (5 types of utility)
DRP
Performance Measurement Issue
Supply Chain Flows
27. The dual flow of Product/Services - Information - and Finances across the suppliers - distributors - manufacturers - wholesalers - and customers.
Internal Metrics
Transactional Relationship
Integrated Supply Chain
Supply Chain Definition
28. Customers trade partnership against terrorism
Forecasting
Vertical Relationship
C-TPAT
Third Party Logistics Industry
29. Time - Quality - Cost - Supporting Metrics
Complexity Issue
Motor
Performance Categories
Forecast Errors
30. Order Fill Rate - Perfect Order
Internal Metrics
Categories of Logistics Quantification Pyramid
External Metrics
Logistics
31. Export goods and services to overseas buyers and handles most of the export arrangements.
Performance Categories
3rd Party Logistics
Export Trading Companies
Horizontal Relationships
32. An external supplier that performs all or part of a company's logistics functions.
Transportation Management Issue
Logistics Activities
Forces Driving the Rate of Change
3rd Party Logistics
33. The management of the movement of materials and information within - into - and out of the firm
Order Cycle Time
Top US imports from China
Supply Chain Network Issue
Logistics Management
34. Distribution Requirement Planning
Top US exports to China
DRP
Information Issue
Inventory
35. Value added by delivering the proper amount of a good.
Export Trading Companies
Quantity Utility Definition
Outbound
Top US exports to China
36. Providing time and place utility/value of materials and products in support of Functional management organization objectives.
Value Added Role of Logistics (5 types of utility)
Component Support
CIF
Performance Categories
37. Reliability - Responsiveness - Flexibility - Cost - Assets
Organizational Consolidation Force
Major categories of metrics
Supply Chain Flows
Outbound
38. The network facilities and supporting transportation is important. It must be capable and able to respond to change in the marketplace.
CFR
Supply Chain Network Issue
ROA
Performance Categories
39. 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
Council of Supply Chain Management
Common Culture
Horizontal Relationships
Quantity Utility Definition
40. Warehouse Management System
WMS
Supply Chain Flows
C-TPAT
Major categories of metrics
41. Point-of-sale(POS); Collaborative planning - forecasting - and replenishment(CPFR); Vendor-managed inventory (VMI)
Organizational Consolidation Force
Forecasting
Time Utility Definition
Inventory
42. Both parties in a vendor relational are said to be at "arm's" length.
Top US imports from China
Transactional Relationship
Supply Chain Issues
Types of 3PLs
43. Getting the Right Things to the Right Place at the Right Time at the lowest cost.
Collaborative Example
Logistics Management
Strategic Relationship
Logistics
44. Adding value to products by having them where people want them.
MRP
Transactional Relationship
Place Utility Definition
Possession Utility
45. The ________ is associated with downstream activities.
Logistics Management
DRP
Supply Chain Flows
Supply Chain
46. External - Balancing - Price & Lead Time - Internal - Internal Balancing & Inventory/Production flexibility
Internal Metrics
DRP
Balancing Supply/Demand
Inventory
47. Concern and potential challenge since 9/11. Must be prepared for terrorist attack.
Supply Chain Security Issue
Logistics Activities
Event Logistics
Place Utility Definition
48. Analyze and evaluate on organizations efficiency over a time period.
Logistics Activities
Performance Measurement Issue
ABC Activity-Based Costing
Council of Supply Chain Management
49. Item Fill Rate - Line Fill Rate
Integrated Supply Chain
Internal Metrics
Global Markets Characteristics
Factors Affecting Demand
50. Canada - China - Mexico
Internal Society of Logistics
Supply Chain Network Issue
MRP
Top US trading partners
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