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Test your basic knowledge |
Business Logistics Management
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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. 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
CRM Customer Relationship Management
Common Culture
Transactional Relationship
Form Utility Definition
2. The ________ is associated with downstream activities.
MRP
Supply Chain
Forces Driving the Rate of Change
Performance Measurement Issue
3. Return on Assets.
CPFR
4PL
Supply Chain Definition
ROA
4. Export goods and services to overseas buyers and handles most of the export arrangements.
FAS
CFR
Two Phases of order mgmt.
Export Trading Companies
5. External - Balancing - Price & Lead Time - Internal - Internal Balancing & Inventory/Production flexibility
Balancing Supply/Demand
Possession Utility
CRM Customer Relationship Management
Freight Forwarder
6. 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.
WMS
CFR
Motor
4PL
7. The time that elapses from when a buyer places an order until receipt of the order
Order Cycle Time
Logistics Activities
Cost/Value Issue
Integrated Supply Chain
8. Enlightened - Educated - easy access to Internet
Supply Chain Network Issue
Cost/Value Issue
Supply Chain
Empowered Customer Force
9. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.
Technology Force
DDP
Transportation Management Issue
FAS
10. Management of Product/Service - Information - and Cash Flows.
Ports
ABC Activity-Based Costing
CFR
Supply Chain Definition
11. Processes for developing and implementing successful relationship
Place Utility Definition
Logistics Activities
Supply Chain
Supply Chain Relationship
12. Fast - high rate
Supply Chain Flows
Utility(ies) associated with Marketing
Air
Transportation Management Issue
13. Point-of-sale(POS); Collaborative planning - forecasting - and replenishment(CPFR); Vendor-managed inventory (VMI)
ERP
ABC Activity-Based Costing
Globalization Force
Organizational Consolidation Force
14. 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
Steps in implementing CRM
Strategic Role of I.T.
Utility(ies) associated with Logistics
Place Utility Definition
15. Order Fill Rate - Perfect Order
Physical Distribution
External Metrics
Two Phases of order mgmt.
Supply Chain Network Issue
16. Electrical Machinery - Power Generation Equipment.
Ports
Top US imports from China
3rd Party Logistics
Component Support
17. Sales and Order Processing
S&OP
Arm's Length
Global Markets Characteristics
Cost/Value Issue
18. Refer to the traditional linkages between firms in the supply chain such as retailers - distributors - manufacturers - and parts and materials suppliers
Complexity Issue
Inventory Deployment Issue
Vertical Relationship
Information Issue
19. 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
Collaborative Example
Forecasting
Complexity Issue
Immutable Laws of Collaborative Logistics
20. Concern and potential challenge since 9/11. Must be prepared for terrorist attack.
Arm's Length
Supply Chain Security Issue
Utility(ies) associated with Production
Top US trading partners
21. Procurement and Manufacturing - value adding activities
Inbound
WMS
Export Management Companies
Logistics Management
22. Networks - Complexity - Inventory Deployment - Information - Cost/Value - Organizational Relationships - Performance Measurement - Technology - Transportation Management - Supply Chain Security
Export Management Companies
Supply Chain Issues
Utility(ies) associated with Logistics
Business Logistics
23. Getting the Right Things to the Right Place at the Right Time at the lowest cost.
Organizational Consolidation Force
Top US imports from China
Logistics
Internal Society of Logistics
24. Free On Board
Arm's Length
FOB
Customer (7 R's of logistics)
Logistics Activities
25. Deregulation: Transportation - Communications - and Financial Institutions
Inbound
Order Cycle Time
Government Regulations and Policy Force
Supply Chain Network Issue
26. Reliability - Responsiveness - Flexibility - Cost - Assets
FAS
Information Issue
Arm's Length
Major categories of metrics
27. Electrical Machinery - Power Generation Equipment
Internal Metrics
Ports
Top US exports to China
Forecasting
28. Transportation-based - Warehouse/distribution-based - Forwarder-based - Shipper/management-based - Financial-based - Information-based firms
Two Phases of order mgmt.
Export Trading Companies
FOB
Types of 3PLs
29. Possession Utility
Utility(ies) associated with Marketing
Inventory
Government Regulations and Policy Force
ROA
30. Two or more business orgs cooperate and willingly modify their business objectives and practices to help achieve long-term goals.
Logistics Activities
Collaborative Example
WMS
Collaborative Relationship
31. Enterprise Resource Planning
Categories of Logistics Quantification Pyramid
S&OP
ERP
Dimensions of customer service
32. North American Free Trade Agreement. Establishes free trade between US - Canada - and Mexico
3rd Party Logistics
Business Logistics
NAFTA
Internal Society of Logistics
33. 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
Performance Categories
Ports
Transportation Management Issue
34. Reduced complexity - reduced product life cycle - more volatility - organizational structures frequently change.
Transportation Management Issue
Inventory Deployment Issue
Global Markets Characteristics
Balancing Supply/Demand
35. Management of materials in motion and at rest.
Export Trading Companies
DDP
Export Management Companies
Inventory
36. Warehouse Management System
WMS
Major categories of metrics
MRP
Technology Issue
37. Globalization - Technology - Organizational Consolidation - Empowered Customer - Government Policy and Regulation
Supply Chain Relationship
Component Support
Forces Driving the Rate of Change
Arm's Length
38. Adding value to products by having them where people want them.
Transactional Relationship
Export Trading Companies
Place Utility Definition
External Metrics
39. Providing time and place utility/value of materials and products in support of Functional management organization objectives.
Supply Chain Security Issue
Transactional Relationship
Categories of Logistics Quantification Pyramid
Component Support
40. The network facilities and supporting transportation is important. It must be capable and able to respond to change in the marketplace.
Cost/Value Issue
R's of Information
FOB
Supply Chain Network Issue
41. Challenge is to evaluate and successfully implement the technology
Technology Issue
Immutable Laws of Collaborative Logistics
Supply Chain Security Issue
Customer Service
42. An external supplier that performs all or part of a company's logistics functions.
Transactional Relationship
3rd Party Logistics
Place Utility Definition
CRM Customer Relationship Management
43. Anything that touches the customer
WMS
Customer Service
Inventory
Ocean
44. Free Alongside Ship
FAS
Transactional Relationship
Military Logistics
Dimensions of customer service
45. Analyze and evaluate on organizations efficiency over a time period.
CPFR
Forecasting
Performance Measurement Issue
Arm's Length
46. Marketing - Manufacturing/operations - Finance - Accounting
WMS
Supply Chain Security Issue
Information Requirements
The Micro Dimension
47. Act as agents for domestic firms in the international arena.
Collaborative Example
Global Markets Characteristics
Export Management Companies
Outbound
48. Growth to a global or worldwide scale. Important Issues in a SC: More volatile supply and demand - shorter product lifetimes - blurring of organizational boundaries.
Technology Force
Globalization Force
Balancing Supply/Demand
Export Management Companies
49. Collaborative Planning - Forecasting - and Replenishment
S&OP
Cost/Value Issue
Performance Measurement Issue
CPFR
50. Form - Time - Place - Quantity - Possession
Factors Affecting Demand
FOB
Value Added Role of Logistics (5 types of utility)
Performance Categories