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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. Both parties in a vendor relational are said to be at "arm's" length.
Transactional Relationship
Top US imports from China
Government Regulations and Policy Force
ROA
2. The most pervasive and important global shipment method. Low rates - wide variety of products
Motor
Strategic Relationship
Ocean
Possession Utility
3. Getting the Right Things to the Right Place at the Right Time at the lowest cost.
4PL
Complexity Issue
Internal Society of Logistics
Logistics
4. Form - Time - Place - Quantity - Possession
Performance Categories
CFR
Collaborative Example
Value Added Role of Logistics (5 types of utility)
5. Warehouse Management System
CPFR
WMS
Council of Supply Chain Management
Empowered Customer Force
6. Influences product availability
Major categories of metrics
Transportation Management Issue
The Micro Dimension
Order Cycle Time
7. 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.
The Micro Dimension
Place Utility Definition
ROA
Military Logistics
8. Cost - Insurance - and Freight
CIF
Performance Categories
Ports
Supply Chain Issues
9. An external supplier that performs all or part of a company's logistics functions.
Military Logistics
Customer Service
3rd Party Logistics
Performance Measurement Issue
10. Reliability - Responsiveness - Flexibility - Cost - Assets
Major categories of metrics
Information Requirements
Forecast Errors
ABC Activity-Based Costing
11. Right product - right time - right quantity - right quality - right cost - right destination
Business Logistics
S&OP
CPFR
Transportation Management Issue
12. Electrical Machinery - Power Generation Equipment.
Organizational Consolidation Force
Collaborative Example
ABC Activity-Based Costing
Top US imports from China
13. Collaborative Planning - Forecasting - and Replenishment
CPFR
Steps in implementing CRM
Four Subdivisions of Logistics
Integrated Supply Chain
14. Organizations require collaboration or cooperation.
Organizational Relationships Issue
Utility(ies) associated with Production
Immutable Laws of Collaborative Logistics
Types of 3PLs
15. Efficiency (cost) and effectiveness (value). A challenge for SCs is the prevention of sub-optimization.
Two Phases of order mgmt.
Cost/Value Issue
Dimensions of customer service
Forces Driving the Rate of Change
16. Globalization - Technology - Organizational Consolidation - Empowered Customer - Government Policy and Regulation
Council of Supply Chain Management
Forces Driving the Rate of Change
Third Party Logistics Industry
The Micro Dimension
17. Plays large part in intermodal shipments.
Motor
Performance Categories
Internal Metrics
Freight Forwarder
18. Item Fill Rate - Line Fill Rate
Information Issue
Logistics
CIF
Internal Metrics
19. Concern and potential challenge since 9/11. Must be prepared for terrorist attack.
Supply Chain Security Issue
Dimensions of customer service
Time Utility Definition
Transportation Management Issue
20. Time - Dependability - Communications - Convenience
FOB
Factors Affecting Demand
Dimensions of customer service
Motor
21. Networks - Complexity - Inventory Deployment - Information - Cost/Value - Organizational Relationships - Performance Measurement - Technology - Transportation Management - Supply Chain Security
Supply Chain Issues
Place Utility Definition
Top US trading partners
Quantity Utility Definition
22. External - Balancing - Price & Lead Time - Internal - Internal Balancing & Inventory/Production flexibility
Cost/Value Issue
Service Logistics
Motor
Balancing Supply/Demand
23. 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.
Information Issue
Strategic Role of I.T.
Four Subdivisions of Logistics
Logistics
24. Management of Product/Service - Information - and Cash Flows.
Order Cycle Time
Service Logistics
Supply Chain Definition
Event Logistics
25. CFE - MSE - MAD - MAPE
Value Added Role of Logistics (5 types of utility)
MRP
Forecast Errors
Physical Distribution
26. Electrical Machinery - Power Generation Equipment
CFR
Forecast Errors
Top US exports to China
Physical Distribution
27. Cost and Freight
CFR
Vertical Relationship
MRP
Supply Chain Definition
28. Analyze and evaluate on organizations efficiency over a time period.
Internal Metrics
DRP
Performance Measurement Issue
Forecasting
29. 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
DDP
S&OP
Common Culture
30. Fast - high rate
Air
Transportation Management Issue
Factors Affecting Demand
Utility(ies) associated with Marketing
31. Coordination and Integration can reduce the inventory level on horizontal and vertical levels in the SC. (the bullwhip effect [when inventory is duplicated])
Technology Issue
The Micro Dimension
Inventory Deployment Issue
3rd Party Logistics
32. Business agreements between firms that have "parallel" or cooperating positions in the logistics process.
Time Utility Definition
Horizontal Relationships
Supply Chain Security Issue
Strategic Role of I.T.
33. The ________ is associated with downstream activities.
Four Subdivisions of Logistics
Inbound
Logistics Activities
Supply Chain
34. 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.
Arm's Length
Utility(ies) associated with Logistics
Categories of Logistics Quantification Pyramid
4PL
35. Order Fill Rate - Perfect Order
Utility(ies) associated with Production
Empowered Customer Force
External Metrics
Customer (7 R's of logistics)
36. Channel Satisfaction - Transaction Cost and Revenue - Logistics Operations - Logistics Service
Supply Chain Issues
Categories of Logistics Quantification Pyramid
R's of Information
S&OP
37. Point-of-sale(POS); Collaborative planning - forecasting - and replenishment(CPFR); Vendor-managed inventory (VMI)
FOB
Types of Forecasts
Organizational Consolidation Force
Technology Force
38. Random Variation - Trend - Seasonal Patterns - Normal Business Cycle
Arm's Length
Time Utility Definition
Factors Affecting Demand
Value Added Role of Logistics (5 types of utility)
39. Two or more business orgs cooperate and willingly modify their business objectives and practices to help achieve long-term goals.
Collaborative Relationship
Integrated Supply Chain
4PL
Performance Categories
40. Anything that touches the customer
Customer Service
Export Management Companies
MRP
Supply Chain Network Issue
41. Adding value to products by making them available when they're needed.
Forces Driving the Rate of Change
Forecast Errors
Time Utility Definition
C-TPAT
42. Delivered Duty Paid
Business Logistics
DDP
Top US imports from China
Utility(ies) associated with Marketing
43. Free On Board
Horizontal Relationships
Component Support
FOB
Inventory Deployment Issue
44. Possession Utility
Horizontal Relationships
Immutable Laws of Collaborative Logistics
Factors Affecting Demand
Utility(ies) associated with Marketing
45. Influencing the order - order execution
CRM Customer Relationship Management
Customer (7 R's of logistics)
Two Phases of order mgmt.
Strategic Example
46. Increased complexity for organizations (from SKUs to trade regulations) is a problem. Organizations should simplify.
Complexity Issue
External Metrics
R's of Information
Two Phases of order mgmt.
47. Procurement and Manufacturing - value adding activities
Technology Issue
Forecasting
NAFTA
Top US trading partners
48. Refer to the traditional linkages between firms in the supply chain such as retailers - distributors - manufacturers - and parts and materials suppliers
Collaborative Relationship
Major categories of metrics
Vertical Relationship
Utility(ies) associated with Logistics
49. Producer to Store - servicing the customer
Categories of Logistics Quantification Pyramid
Outbound
Empowered Customer Force
Supply Chain Definition
50. Right: information - partner - quantity - format - time - place - cost
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