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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. Analyze and evaluate on organizations efficiency over a time period.
Utility(ies) associated with Logistics
Performance Measurement Issue
4PL
Major categories of metrics
2. Coordination and Integration can reduce the inventory level on horizontal and vertical levels in the SC. (the bullwhip effect [when inventory is duplicated])
Supply Chain
Transportation Management Issue
Inventory Deployment Issue
Forecasting
3. Deregulation: Transportation - Communications - and Financial Institutions
Service Logistics
Supply Chain
Government Regulations and Policy Force
Globalization Force
4. Item Fill Rate - Line Fill Rate
Internal Metrics
Globalization Force
Logistics Management
Possession Utility
5. Return on Assets.
Two Phases of order mgmt.
CFR
Internal Metrics
ROA
6. Primarily created through the basic marketing activities related to the promotion of products and services -
Order Cycle Time
Transactional Relationship
Possession Utility
Physical Distribution
7. The time that elapses from when a buyer places an order until receipt of the order
Possession Utility
Military Logistics
Globalization Force
Order Cycle Time
8. Canada - China - Mexico
Top US trading partners
Collaborative Relationship
Types of Forecasts
Integrated Supply Chain
9. Plays large part in intermodal shipments.
MRP
Motor
CPFR
CRM Customer Relationship Management
10. 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.
11. Distribution Requirement Planning
Strategic Example
Forecasting
DRP
Order Cycle Time
12. 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
Forecast Errors
Logistics Activities
ERP
Internal Metrics
13. Both parties in a vendor relational are said to be at "arm's" length.
Supply Chain Flows
Transactional Relationship
Technology Issue
Two Phases of order mgmt.
14. Form Utility
Utility(ies) associated with Production
Balancing Supply/Demand
Immutable Laws of Collaborative Logistics
Third Party Logistics Industry
15. 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
Supply Chain Relationship
Utility(ies) associated with Marketing
Internal Metrics
Immutable Laws of Collaborative Logistics
16. Channel Satisfaction - Transaction Cost and Revenue - Logistics Operations - Logistics Service
Inventory Deployment Issue
Complexity Issue
Forecast Errors
Categories of Logistics Quantification Pyramid
17. Point-of-sale(POS); Collaborative planning - forecasting - and replenishment(CPFR); Vendor-managed inventory (VMI)
Information Issue
ROA
Supply Chain Relationship
Organizational Consolidation Force
18. Relevant - Accurate - Accessible - Timely - Transferable
Horizontal Relationships
Information Requirements
Dimensions of customer service
Top US imports from China
19. Fast - high rate
Immutable Laws of Collaborative Logistics
Air
Customer (7 R's of logistics)
Collaborative Example
20. Possession Utility
Balancing Supply/Demand
Common Culture
S&OP
Utility(ies) associated with Marketing
21. Critical part of global supply chains
Ports
4PL
Cost/Value Issue
Order Cycle Time
22. Procurement and Manufacturing - value adding activities
Component Support
Customer (7 R's of logistics)
Immutable Laws of Collaborative Logistics
Inbound
23. Random Variation - Trend - Seasonal Patterns - Normal Business Cycle
Factors Affecting Demand
Two Phases of order mgmt.
DRP
R's of Information
24. Electrical Machinery - Power Generation Equipment.
Top US imports from China
3rd Party Logistics
Customer Service
4PL
25. North American Free Trade Agreement. Establishes free trade between US - Canada - and Mexico
Information Issue
Horizontal Relationships
NAFTA
Physical Distribution
26. Measures cost and performance of activities.
Quantity Utility Definition
CFR
Service Logistics
ABC Activity-Based Costing
27. Order Fill Rate - Perfect Order
Strategic Example
Major categories of metrics
External Metrics
Council of Supply Chain Management
28. Reliability - Responsiveness - Flexibility - Cost - Assets
NAFTA
Utility(ies) associated with Logistics
Major categories of metrics
Collaborative Example
29. Concern and potential challenge since 9/11. Must be prepared for terrorist attack.
Information Issue
Supply Chain Definition
Customer (7 R's of logistics)
Supply Chain Security Issue
30. Customers trade partnership against terrorism
CPFR
C-TPAT
Strategic Role of I.T.
Supply Chain Flows
31. Business agreements between firms that have "parallel" or cooperating positions in the logistics process.
Major categories of metrics
Vertical Relationship
Utility(ies) associated with Logistics
Horizontal Relationships
32. How firms in this industry create value for their commercial clients
Third Party Logistics Industry
Strategic Role of I.T.
Customer (7 R's of logistics)
Supply Chain Issues
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).
Dimensions of customer service
Event Logistics
Forecasting
Inbound
34. Segment Customer Base - Identify the product service package - Develop and execute the best procedures - measure performance continuously
Complexity Issue
Ports
Steps in implementing CRM
Logistics
35. Cost - Insurance - and Freight
Complexity Issue
CIF
Physical Distribution
Top US trading partners
36. Processes for developing and implementing successful relationship
Supply Chain Relationship
Types of 3PLs
Horizontal Relationships
Export Management Companies
37. Sales and Order Processing
Types of 3PLs
S&OP
Export Management Companies
4PL
38. CFE - MSE - MAD - MAPE
Forecast Errors
External Metrics
Collaborative Relationship
Information Requirements
39. Cost and Freight
CFR
Vertical Relationship
Horizontal Relationships
Council of Supply Chain Management
40. Export goods and services to overseas buyers and handles most of the export arrangements.
Place Utility Definition
Supply Chain Network Issue
Ocean
Export Trading Companies
41. Time - Dependability - Communications - Convenience
Forces Driving the Rate of Change
Dimensions of customer service
Empowered Customer Force
Government Regulations and Policy Force
42. Challenge is to evaluate and successfully implement the technology
DRP
Customer (7 R's of logistics)
Technology Issue
Air
43. Influencing the order - order execution
Supply Chain Security Issue
Two Phases of order mgmt.
Forecast Errors
Top US trading partners
44. Strategically positioning customers to improve the profitability of the organization and enhance its relationship with its customer base
Arm's Length
CRM Customer Relationship Management
Forces Driving the Rate of Change
Form Utility Definition
45. Marketing - Manufacturing/operations - Finance - Accounting
Order Cycle Time
Technology Force
The Micro Dimension
Supply Chain Network Issue
46. Value added by delivering the proper amount of a good.
Types of Forecasts
Four Subdivisions of Logistics
Quantity Utility Definition
Internal Society of Logistics
47. Refer to the traditional linkages between firms in the supply chain such as retailers - distributors - manufacturers - and parts and materials suppliers
WMS
Arm's Length
Vertical Relationship
Balancing Supply/Demand
48. Act as agents for domestic firms in the international arena.
Categories of Logistics Quantification Pyramid
Export Management Companies
Ocean
Third Party Logistics Industry
49. An external supplier that performs all or part of a company's logistics functions.
Top US imports from China
Internal Metrics
Customer (7 R's of logistics)
3rd Party Logistics
50. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.
Technology Force
Balancing Supply/Demand
Collaborative Example
Physical Distribution