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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. Free On Board
Motor
Balancing Supply/Demand
FOB
Service Logistics
2. External - Balancing - Price & Lead Time - Internal - Internal Balancing & Inventory/Production flexibility
Top US exports to China
Component Support
Balancing Supply/Demand
CPFR
3. Both parties in a vendor relational are said to be at "arm's" length.
Outbound
Information Requirements
Transactional Relationship
4PL
4. Challenge is to evaluate and successfully implement the technology
Top US exports to China
Technology Issue
Transactional Relationship
Logistics
5. Deregulation: Transportation - Communications - and Financial Institutions
Performance Measurement Issue
DDP
Balancing Supply/Demand
Government Regulations and Policy Force
6. Coordination and Integration can reduce the inventory level on horizontal and vertical levels in the SC. (the bullwhip effect [when inventory is duplicated])
Performance Measurement Issue
Inventory Deployment Issue
Transportation Management Issue
Top US exports to China
7. Analyze and evaluate on organizations efficiency over a time period.
Performance Measurement Issue
The Micro Dimension
Place Utility Definition
R's of Information
8. Form Utility
Horizontal Relationships
Utility(ies) associated with Production
Empowered Customer Force
Integrated Supply Chain
9. North American Free Trade Agreement. Establishes free trade between US - Canada - and Mexico
Ocean
NAFTA
Forces Driving the Rate of Change
Supply Chain Security Issue
10. Two or more business orgs cooperate and willingly modify their business objectives and practices to help achieve long-term goals.
Collaborative Relationship
Time Utility Definition
Utility(ies) associated with Logistics
Motor
11. Possession Utility
Supply Chain Relationship
Strategic Example
Event Logistics
Utility(ies) associated with Marketing
12. Cost - Insurance - and Freight
TMS
Third Party Logistics Industry
Ocean
CIF
13. Act as agents for domestic firms in the international arena.
Export Management Companies
CIF
Logistics
Outbound
14. Reduced complexity - reduced product life cycle - more volatility - organizational structures frequently change.
Inbound
Global Markets Characteristics
Business Logistics
S&OP
15. Processes for developing and implementing successful relationship
Supply Chain Relationship
Customer Service
External Metrics
WMS
16. The ________ is associated with downstream activities.
CIF
Supply Chain
Supply Chain Network Issue
Export Trading Companies
17. The dual flow of Product/Services - Information - and Finances across the suppliers - distributors - manufacturers - wholesalers - and customers.
Integrated Supply Chain
Technology Force
Ports
Time Utility Definition
18. Materials Requirement Planning
Immutable Laws of Collaborative Logistics
MRP
Event Logistics
FOB
19. 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
Export Management Companies
Place Utility Definition
Utility(ies) associated with Marketing
20. Growth to a global or worldwide scale. Important Issues in a SC: More volatile supply and demand - shorter product lifetimes - blurring of organizational boundaries.
Logistics
Globalization Force
Balancing Supply/Demand
Supply Chain Flows
21. Organizations require collaboration or cooperation.
Time Utility Definition
Strategic Relationship
Form Utility Definition
Organizational Relationships Issue
22. The time that elapses from when a buyer places an order until receipt of the order
Order Cycle Time
Strategic Role of I.T.
Top US imports from China
Supply Chain Security Issue
23. Return on Assets.
Top US trading partners
ROA
MRP
Supply Chain Issues
24. Globalization - Technology - Organizational Consolidation - Empowered Customer - Government Policy and Regulation
Forces Driving the Rate of Change
NAFTA
Inventory
Component Support
25. Management of materials in motion and at rest.
Arm's Length
S&OP
Strategic Example
Inventory
26. Procurement and Manufacturing - value adding activities
MRP
Place Utility Definition
Inbound
Component Support
27. Acquisition - scheduling and management of the facilities/ assets - personnel and materials to support and sustain a service operation or business.
4PL
TMS
Service Logistics
Internal Metrics
28. Free Alongside Ship
FAS
Ports
Military Logistics
Collaborative Example
29. Delivered Duty Paid
Supply Chain Network Issue
DDP
Possession Utility
Strategic Example
30. Customers trade partnership against terrorism
Vertical Relationship
Strategic Example
WMS
C-TPAT
31. Reliability - Responsiveness - Flexibility - Cost - Assets
Organizational Relationships Issue
Global Markets Characteristics
Major categories of metrics
Freight Forwarder
32. Marketing - Manufacturing/operations - Finance - Accounting
CRM Customer Relationship Management
Organizational Relationships Issue
Types of 3PLs
The Micro Dimension
33. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.
Global Markets Characteristics
Logistics Activities
Technology Force
Government Regulations and Policy Force
34. Measures cost and performance of activities.
Major categories of metrics
Component Support
ABC Activity-Based Costing
Form Utility Definition
35. Influencing the order - order execution
Third Party Logistics Industry
Two Phases of order mgmt.
Possession Utility
Four Subdivisions of Logistics
36. Business Logistics - Military Logistics - Event Logistics - Service Logistics
The Micro Dimension
Four Subdivisions of Logistics
MRP
FAS
37. Business agreements between firms that have "parallel" or cooperating positions in the logistics process.
Horizontal Relationships
Customer (7 R's of logistics)
TMS
CPFR
38. Anything that touches the customer
Utility(ies) associated with Logistics
Customer Service
CFR
Internal Metrics
39. Adding value to products by having them where people want them.
Place Utility Definition
Information Requirements
Dimensions of customer service
Technology Issue
40. Procurement and Manufacturing - value adding activities
Empowered Customer Force
Business Logistics
ROA
Forecasting
41. 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.
Form Utility Definition
4PL
Technology Issue
Top US exports to China
42. Providing time and place utility/value of materials and products in support of Functional management organization objectives.
Component Support
Utility(ies) associated with Marketing
Globalization Force
WMS
43. Networks - Complexity - Inventory Deployment - Information - Cost/Value - Organizational Relationships - Performance Measurement - Technology - Transportation Management - Supply Chain Security
Time Utility Definition
Supply Chain Issues
Value Added Role of Logistics (5 types of utility)
Supply Chain Flows
44. CFE - MSE - MAD - MAPE
Inventory Deployment Issue
Forecast Errors
Top US imports from China
CIF
45. Producer to Store - servicing the customer
Customer Service
C-TPAT
Outbound
Common Culture
46. Electrical Machinery - Power Generation Equipment.
3rd Party Logistics
Top US imports from China
Inventory
Forces Driving the Rate of Change
47. Partner
Technology Issue
Export Management Companies
Collaborative Example
Two Phases of order mgmt.
48. Vendor
49. Transportation-based - Warehouse/distribution-based - Forwarder-based - Shipper/management-based - Financial-based - Information-based firms
Types of 3PLs
DDP
Supply Chain Definition
Technology Issue
50. Canada - China - Mexico
Common Culture
Top US trading partners
FOB
Supply Chain Definition