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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. Cost and Freight
Possession Utility
Cost/Value Issue
CFR
Supply Chain Security Issue
2. Business Logistics - Military Logistics - Event Logistics - Service Logistics
Inventory
Inbound
ERP
Four Subdivisions of Logistics
3. 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
FAS
Collaborative Relationship
Ocean
Immutable Laws of Collaborative Logistics
4. 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
Information Issue
Transactional Relationship
Inventory Deployment Issue
5. Channel Satisfaction - Transaction Cost and Revenue - Logistics Operations - Logistics Service
Motor
Categories of Logistics Quantification Pyramid
CRM Customer Relationship Management
Types of 3PLs
6. Random Variation - Trend - Seasonal Patterns - Normal Business Cycle
C-TPAT
Factors Affecting Demand
CRM Customer Relationship Management
Globalization Force
7. Time Utility - Place Utility - Quantity Utility
Value Added Role of Logistics (5 types of utility)
Utility(ies) associated with Logistics
Export Trading Companies
Air
8. Management of Product/Service - Information - and Cash Flows.
Transportation Management Issue
Ports
Top US exports to China
Supply Chain Definition
9. Management of materials in motion and at rest.
Forces Driving the Rate of Change
CIF
Inventory
Performance Categories
10. The process of planning - implementing - and controlling the efficient - effective flow and storage of goods - services - and related information from the point of origin to the point of consumption for the purpose of conforming to customer requ
Four Subdivisions of Logistics
Business Logistics
Dimensions of customer service
Supply Chain Network Issue
11. Deregulation: Transportation - Communications - and Financial Institutions
Motor
Export Management Companies
Government Regulations and Policy Force
Business Logistics
12. Act as agents for domestic firms in the international arena.
ROA
Council of Supply Chain Management
Forces Driving the Rate of Change
Export Management Companies
13. The ________ is associated with downstream activities.
Supply Chain
Horizontal Relationships
Utility(ies) associated with Marketing
Transportation Management Issue
14. Delivered Duty Paid
Ports
Top US trading partners
DDP
Government Regulations and Policy Force
15. Challenge is to evaluate and successfully implement the technology
TMS
Technology Issue
Supply Chain
Technology Force
16. The time that elapses from when a buyer places an order until receipt of the order
Order Cycle Time
MRP
R's of Information
Event Logistics
17. Procurement and Manufacturing - value adding activities
Possession Utility
Two Phases of order mgmt.
Factors Affecting Demand
Inbound
18. Anything that touches the customer
DRP
Logistics
Customer Service
Horizontal Relationships
19. Adding value to products by having them where people want them.
Transportation Management Issue
Inventory Deployment Issue
Place Utility Definition
Internal Metrics
20. Focuses on the outbound side of of a firm's logistics system.
Physical Distribution
Information Issue
Two Phases of order mgmt.
Strategic Role of I.T.
21. Point-of-sale(POS); Collaborative planning - forecasting - and replenishment(CPFR); Vendor-managed inventory (VMI)
Information Requirements
Four Subdivisions of Logistics
Organizational Consolidation Force
DDP
22. The management of the movement of materials and information within - into - and out of the firm
CRM Customer Relationship Management
Categories of Logistics Quantification Pyramid
Logistics Management
Performance Measurement Issue
23. Adding value to products by making them available when they're needed.
Time Utility Definition
Technology Issue
Ports
4PL
24. Influencing the order - order execution
Strategic Example
3rd Party Logistics
Form Utility Definition
Two Phases of order mgmt.
25. The network facilities and supporting transportation is important. It must be capable and able to respond to change in the marketplace.
Top US imports from China
Forecasting
Integrated Supply Chain
Supply Chain Network Issue
26. Fast - high rate
Integrated Supply Chain
Inbound
Customer Service
Air
27. Supplies expertise to international shippers. Consolidate small shipments. Derives income from fees for service.
Dimensions of customer service
Technology Issue
Forces Driving the Rate of Change
Freight Forwarder
28. Electrical Machinery - Power Generation Equipment
Utility(ies) associated with Marketing
Top US trading partners
Top US exports to China
Service Logistics
29. Strategically positioning customers to improve the profitability of the organization and enhance its relationship with its customer base
Utility(ies) associated with Marketing
Event Logistics
CRM Customer Relationship Management
Utility(ies) associated with Logistics
30. Partner
Collaborative Example
Utility(ies) associated with Logistics
3rd Party Logistics
Supply Chain Flows
31. Globalization - Technology - Organizational Consolidation - Empowered Customer - Government Policy and Regulation
Organizational Relationships Issue
Collaborative Example
Supply Chain Issues
Forces Driving the Rate of Change
32. Right: information - partner - quantity - format - time - place - cost
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33. 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
CIF
Common Culture
Inventory
Complexity Issue
34. Form Utility
Order Cycle Time
Possession Utility
Common Culture
Utility(ies) associated with Production
35. Efficiency (cost) and effectiveness (value). A challenge for SCs is the prevention of sub-optimization.
Supply Chain
DRP
Inventory Deployment Issue
Cost/Value Issue
36. Electrical Machinery - Power Generation Equipment.
Top US imports from China
Top US trading partners
3rd Party Logistics
Physical Distribution
37. Influences product availability
CIF
Quantity Utility Definition
Vertical Relationship
Order Cycle Time
38. Time - Quality - Cost - Supporting Metrics
Horizontal Relationships
Performance Categories
Factors Affecting Demand
Categories of Logistics Quantification Pyramid
39. Vendor
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40. Strategic Alliance
Supply Chain Definition
3rd Party Logistics
Strategic Example
Freight Forwarder
41. 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
CRM Customer Relationship Management
Council of Supply Chain Management
Logistics Activities
Event Logistics
42. Plays large part in intermodal shipments.
Motor
CIF
Performance Categories
Forecasting
43. Transportation Management System
DRP
TMS
Supply Chain
3rd Party Logistics
44. Right product - right time - right quantity - right quality - right cost - right destination
Transportation Management Issue
Logistics Management
Four Subdivisions of Logistics
Collaborative Relationship
45. 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.
Council of Supply Chain Management
Cost/Value Issue
Inventory Deployment Issue
Information Issue
46. Both parties in a vendor relational are said to be at "arm's" length.
Transactional Relationship
C-TPAT
Globalization Force
Utility(ies) associated with Logistics
47. Analyze and evaluate on organizations efficiency over a time period.
Performance Measurement Issue
Factors Affecting Demand
Time Utility Definition
Top US trading partners
48. Enterprise Resource Planning
ERP
Freight Forwarder
FOB
Logistics Management
49. Product/Service - Information - Finance
Event Logistics
Supply Chain Flows
Four Subdivisions of Logistics
Cost/Value Issue
50. Value added by delivering the proper amount of a good.
TMS
Ocean
Balancing Supply/Demand
Quantity Utility Definition