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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. Sales and Order Processing
Third Party Logistics Industry
S&OP
Top US exports to China
Transactional Relationship
2. Time - Quality - Cost - Supporting Metrics
Global Markets Characteristics
Ocean
Performance Categories
Internal Metrics
3. Both parties in a vendor relational are said to be at "arm's" length.
Major categories of metrics
Logistics
Transactional Relationship
Information Issue
4. Enterprise Resource Planning
Strategic Example
Supply Chain Issues
Integrated Supply Chain
ERP
5. Business agreements between firms that have "parallel" or cooperating positions in the logistics process.
Inventory
Horizontal Relationships
Military Logistics
Form Utility Definition
6. Value added to goods through a manufacturing or assembly process.
Four Subdivisions of Logistics
Form Utility Definition
Inbound
Value Added Role of Logistics (5 types of utility)
7. Business Logistics - Military Logistics - Event Logistics - Service Logistics
Strategic Role of I.T.
Possession Utility
Internal Society of Logistics
Four Subdivisions of Logistics
8. Form Utility
Transactional Relationship
Immutable Laws of Collaborative Logistics
Freight Forwarder
Utility(ies) associated with Production
9. Delivered Duty Paid
Strategic Role of I.T.
Component Support
Inbound
DDP
10. The network facilities and supporting transportation is important. It must be capable and able to respond to change in the marketplace.
Supply Chain Network Issue
NAFTA
Top US exports to China
CRM Customer Relationship Management
11. Globalization - Technology - Organizational Consolidation - Empowered Customer - Government Policy and Regulation
Order Cycle Time
Logistics
Forces Driving the Rate of Change
Collaborative Example
12. Free Alongside Ship
Logistics Activities
Freight Forwarder
FAS
Cost/Value Issue
13. The most pervasive and important global shipment method. Low rates - wide variety of products
Arm's Length
Form Utility Definition
Ocean
Inbound
14. 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.
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15. Providing time and place utility/value of materials and products in support of Functional management organization objectives.
Component Support
Export Trading Companies
Global Markets Characteristics
Air
16. CFE - MSE - MAD - MAPE
Forecast Errors
Information Requirements
NAFTA
Strategic Example
17. Focuses on the outbound side of of a firm's logistics system.
Component Support
Integrated Supply Chain
Utility(ies) associated with Marketing
Physical Distribution
18. Coordination and Integration can reduce the inventory level on horizontal and vertical levels in the SC. (the bullwhip effect [when inventory is duplicated])
Strategic Example
Business Logistics
Inventory Deployment Issue
DRP
19. Strategic Alliance
Logistics Management
Horizontal Relationships
Strategic Example
Immutable Laws of Collaborative Logistics
20. Transportation-based - Warehouse/distribution-based - Forwarder-based - Shipper/management-based - Financial-based - Information-based firms
Four Subdivisions of Logistics
Types of 3PLs
Cost/Value Issue
Supply Chain Definition
21. North American Free Trade Agreement. Establishes free trade between US - Canada - and Mexico
Horizontal Relationships
NAFTA
Cost/Value Issue
Organizational Consolidation Force
22. Management of Product/Service - Information - and Cash Flows.
Supply Chain Definition
C-TPAT
Top US exports to China
Information Requirements
23. Marketing - Manufacturing/operations - Finance - Accounting
Global Markets Characteristics
The Micro Dimension
Strategic Role of I.T.
Four Subdivisions of Logistics
24. The time that elapses from when a buyer places an order until receipt of the order
Order Cycle Time
Major categories of metrics
Customer (7 R's of logistics)
3rd Party Logistics
25. Distribution Requirement Planning
Forces Driving the Rate of Change
Export Management Companies
Immutable Laws of Collaborative Logistics
DRP
26. Fast - high rate
Supply Chain Flows
Air
Types of 3PLs
Top US exports to China
27. Free On Board
Common Culture
Top US imports from China
Performance Measurement Issue
FOB
28. The branch of military science having to do with procuring - maintaining - utility/value and transporting material - personnel - and facilities
Internal Society of Logistics
Utility(ies) associated with Production
Supply Chain Flows
CPFR
29. Enlightened - Educated - easy access to Internet
Globalization Force
Value Added Role of Logistics (5 types of utility)
Possession Utility
Empowered Customer Force
30. Challenge is to evaluate and successfully implement the technology
Order Cycle Time
Technology Issue
R's of Information
Outbound
31. Deregulation: Transportation - Communications - and Financial Institutions
Export Management Companies
Strategic Role of I.T.
Vertical Relationship
Government Regulations and Policy Force
32. The dual flow of Product/Services - Information - and Finances across the suppliers - distributors - manufacturers - wholesalers - and customers.
Empowered Customer Force
CRM Customer Relationship Management
Performance Measurement Issue
Integrated Supply Chain
33. Organizations require collaboration or cooperation.
Organizational Relationships Issue
NAFTA
Steps in implementing CRM
Export Management Companies
34. Simple moving average - Weighted Moving average - Exponential Smoothing - Adjusted Exponential Smoothing for Trend - Seasonal Influences
Major categories of metrics
Inbound
Globalization Force
Types of Forecasts
35. Influences product availability
Order Cycle Time
Collaborative Relationship
Form Utility Definition
Immutable Laws of Collaborative Logistics
36. Procurement and Manufacturing - value adding activities
Transportation Management Issue
Forecasting
Supply Chain Relationship
Air
37. Electrical Machinery - Power Generation Equipment
Top US exports to China
Order Cycle Time
Event Logistics
Utility(ies) associated with Marketing
38. The ________ is associated with downstream activities.
Component Support
CRM Customer Relationship Management
DRP
Supply Chain
39. Measures cost and performance of activities.
Top US trading partners
Physical Distribution
Order Cycle Time
ABC Activity-Based Costing
40. Reliability - Responsiveness - Flexibility - Cost - Assets
Major categories of metrics
Customer Service
DDP
Logistics Management
41. Segment Customer Base - Identify the product service package - Develop and execute the best procedures - measure performance continuously
Motor
Customer (7 R's of logistics)
Steps in implementing CRM
Forces Driving the Rate of Change
42. How firms in this industry create value for their commercial clients
Air
CRM Customer Relationship Management
Third Party Logistics Industry
Value Added Role of Logistics (5 types of utility)
43. The management of the movement of materials and information within - into - and out of the firm
CFR
Internal Metrics
Logistics Management
Customer Service
44. Getting the Right Things to the Right Place at the Right Time at the lowest cost.
Place Utility Definition
CPFR
DDP
Logistics
45. Influencing the order - order execution
Two Phases of order mgmt.
R's of Information
Global Markets Characteristics
Government Regulations and Policy Force
46. Point-of-sale(POS); Collaborative planning - forecasting - and replenishment(CPFR); Vendor-managed inventory (VMI)
Air
Internal Metrics
Organizational Consolidation Force
Customer (7 R's of logistics)
47. Refer to the traditional linkages between firms in the supply chain such as retailers - distributors - manufacturers - and parts and materials suppliers
Types of Forecasts
Information Issue
Vertical Relationship
Performance Categories
48. Random Variation - Trend - Seasonal Patterns - Normal Business Cycle
Service Logistics
Cost/Value Issue
Factors Affecting Demand
Four Subdivisions of Logistics
49. 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
Inventory
Strategic Role of I.T.
Inventory Deployment Issue
Collaborative Relationship
50. 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
Immutable Laws of Collaborative Logistics
Council of Supply Chain Management
Top US imports from China
C-TPAT