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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.
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. Represents an alternative that may imply even greater involvement than the partnership or strategic alliance
Component Support
Strategic Relationship
Vertical Relationship
Council of Supply Chain Management
2. Plays large part in intermodal shipments.
Motor
Component Support
3rd Party Logistics
Air
3. Vendor
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4. Point-of-sale(POS); Collaborative planning - forecasting - and replenishment(CPFR); Vendor-managed inventory (VMI)
MRP
Organizational Consolidation Force
4PL
Transactional Relationship
5. Efficiency (cost) and effectiveness (value). A challenge for SCs is the prevention of sub-optimization.
Cost/Value Issue
Possession Utility
Place Utility Definition
Vertical Relationship
6. Order Fill Rate - Perfect Order
External Metrics
Integrated Supply Chain
CPFR
Inventory
7. An external supplier that performs all or part of a company's logistics functions.
Balancing Supply/Demand
3rd Party Logistics
R's of Information
Event Logistics
8. Reduced complexity - reduced product life cycle - more volatility - organizational structures frequently change.
Ocean
Immutable Laws of Collaborative Logistics
Global Markets Characteristics
Internal Society of Logistics
9. Partner
3rd Party Logistics
Collaborative Example
Technology Force
Organizational Consolidation Force
10. The time that elapses from when a buyer places an order until receipt of the order
Order Cycle Time
Third Party Logistics Industry
CFR
Categories of Logistics Quantification Pyramid
11. 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.
Supply Chain
Inventory
Factors Affecting Demand
Information Issue
12. Strategically positioning customers to improve the profitability of the organization and enhance its relationship with its customer base
CRM Customer Relationship Management
Inbound
Customer Service
S&OP
13. The art and science of management - engineering - and technical activities concerned with requirements - design - and supplying and maintaining resources to support objectives - plans - and operations.
Motor
C-TPAT
Council of Supply Chain Management
Globalization Force
14. Refer to the traditional linkages between firms in the supply chain such as retailers - distributors - manufacturers - and parts and materials suppliers
R's of Information
Internal Society of Logistics
Categories of Logistics Quantification Pyramid
Vertical Relationship
15. 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
ERP
Performance Categories
Ports
16. Primarily created through the basic marketing activities related to the promotion of products and services -
Categories of Logistics Quantification Pyramid
Possession Utility
Steps in implementing CRM
FOB
17. Possession Utility
Utility(ies) associated with Marketing
Strategic Relationship
Top US imports from China
Place Utility Definition
18. Form - Time - Place - Quantity - Possession
Inventory
ABC Activity-Based Costing
Value Added Role of Logistics (5 types of utility)
Information Requirements
19. Deregulation: Transportation - Communications - and Financial Institutions
Government Regulations and Policy Force
Organizational Consolidation Force
Types of 3PLs
Strategic Role of I.T.
20. Marketing - Manufacturing/operations - Finance - Accounting
The Micro Dimension
Technology Force
CPFR
Freight Forwarder
21. Fast - high rate
Air
Collaborative Relationship
DRP
Inventory Deployment Issue
22. Channel Satisfaction - Transaction Cost and Revenue - Logistics Operations - Logistics Service
Immutable Laws of Collaborative Logistics
Information Requirements
Categories of Logistics Quantification Pyramid
Supply Chain Issues
23. North American Free Trade Agreement. Establishes free trade between US - Canada - and Mexico
NAFTA
Strategic Role of I.T.
C-TPAT
Vertical Relationship
24. Product/Service - Information - Finance
ERP
Globalization Force
CIF
Supply Chain Flows
25. Strategic Alliance
CFR
Strategic Example
Strategic Role of I.T.
R's of Information
26. 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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27. Cost - Insurance - and Freight
TMS
Inventory
Two Phases of order mgmt.
CIF
28. Export goods and services to overseas buyers and handles most of the export arrangements.
NAFTA
Export Trading Companies
Two Phases of order mgmt.
Integrated Supply Chain
29. Value added to goods through a manufacturing or assembly process.
Form Utility Definition
Organizational Relationships Issue
CRM Customer Relationship Management
Empowered Customer Force
30. Distribution Requirement Planning
Globalization Force
DRP
Forecast Errors
Inbound
31. Both parties in a vendor relational are said to be at "arm's" length.
Ocean
Supply Chain Relationship
Transactional Relationship
Top US imports from China
32. Time - Dependability - Communications - Convenience
Internal Metrics
Dimensions of customer service
Types of Forecasts
Collaborative Relationship
33. Right product - right time - right quantity - right quality - right cost - right destination
Transportation Management Issue
Supply Chain Flows
Event Logistics
Export Trading Companies
34. 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
Outbound
Logistics Activities
Customer Service
Global Markets Characteristics
35. Networks - Complexity - Inventory Deployment - Information - Cost/Value - Organizational Relationships - Performance Measurement - Technology - Transportation Management - Supply Chain Security
Supply Chain Issues
Supply Chain Security Issue
FAS
Categories of Logistics Quantification Pyramid
36. Business agreements between firms that have "parallel" or cooperating positions in the logistics process.
Logistics Management
Vertical Relationship
Outbound
Horizontal Relationships
37. Enlightened - Educated - easy access to Internet
Utility(ies) associated with Production
Empowered Customer Force
CFR
Strategic Relationship
38. The management of the movement of materials and information within - into - and out of the firm
WMS
Possession Utility
Logistics Management
Internal Metrics
39. Simple moving average - Weighted Moving average - Exponential Smoothing - Adjusted Exponential Smoothing for Trend - Seasonal Influences
Form Utility Definition
Types of Forecasts
NAFTA
Outbound
40. Globalization - Technology - Organizational Consolidation - Empowered Customer - Government Policy and Regulation
Forces Driving the Rate of Change
Quantity Utility Definition
Council of Supply Chain Management
Immutable Laws of Collaborative Logistics
41. The design and integration of all aspects of support for the operational capability of the military forces and their equipment to ensure readiness - reliability and efficiency.
ABC Activity-Based Costing
WMS
Internal Society of Logistics
Military Logistics
42. Acquisition - scheduling and management of the facilities/ assets - personnel and materials to support and sustain a service operation or business.
Air
MRP
Service Logistics
C-TPAT
43. Two or more business orgs cooperate and willingly modify their business objectives and practices to help achieve long-term goals.
Collaborative Relationship
Internal Society of Logistics
Common Culture
Transportation Management Issue
44. Measures cost and performance of activities.
Export Management Companies
Ports
CIF
ABC Activity-Based Costing
45. Getting the Right Things to the Right Place at the Right Time at the lowest cost.
Logistics
3rd Party Logistics
DRP
Physical Distribution
46. Adding value to products by making them available when they're needed.
Time Utility Definition
Form Utility Definition
Component Support
Information Requirements
47. Item Fill Rate - Line Fill Rate
Supply Chain Security Issue
Internal Metrics
Cost/Value Issue
Strategic Role of I.T.
48. External - Balancing - Price & Lead Time - Internal - Internal Balancing & Inventory/Production flexibility
ROA
Quantity Utility Definition
Global Markets Characteristics
Balancing Supply/Demand
49. Return on Assets.
Service Logistics
Quantity Utility Definition
Transportation Management Issue
ROA
50. 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
Inventory Deployment Issue
Factors Affecting Demand
Common Culture
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