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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. Free On Board
Cost/Value Issue
FOB
Internal Metrics
Information Requirements
2. Right product - right time - right quantity - right quality - right cost - right destination
Forecasting
Information Requirements
Strategic Relationship
Transportation Management Issue
3. Cost and Freight
Globalization Force
Top US exports to China
Transactional Relationship
CFR
4. Time - Quality - Cost - Supporting Metrics
Component Support
Performance Categories
Inventory Deployment Issue
Air
5. Supplies expertise to international shippers. Consolidate small shipments. Derives income from fees for service.
C-TPAT
Integrated Supply Chain
Technology Issue
Freight Forwarder
6. Processes for developing and implementing successful relationship
Air
Performance Categories
Service Logistics
Supply Chain Relationship
7. Warehouse Management System
Strategic Example
Performance Categories
WMS
CRM Customer Relationship Management
8. 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.
4PL
Logistics Activities
Forecast Errors
Balancing Supply/Demand
9. 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
Order Cycle Time
Strategic Example
Technology Force
10. Act as agents for domestic firms in the international arena.
External Metrics
Top US trading partners
Supply Chain Issues
Export Management Companies
11. Acquisition - scheduling and management of the facilities/ assets - personnel and materials to support and sustain a service operation or business.
Service Logistics
Component Support
Business Logistics
Military Logistics
12. Efficiency (cost) and effectiveness (value). A challenge for SCs is the prevention of sub-optimization.
Cost/Value Issue
FAS
Globalization Force
Organizational Consolidation Force
13. Concern and potential challenge since 9/11. Must be prepared for terrorist attack.
Air
Supply Chain Security Issue
Possession Utility
WMS
14. Adding value to products by having them where people want them.
Logistics Activities
Internal Metrics
Place Utility Definition
Balancing Supply/Demand
15. Time Utility - Place Utility - Quantity Utility
Order Cycle Time
Utility(ies) associated with Logistics
Major categories of metrics
Ocean
16. Sales and Order Processing
MRP
Export Trading Companies
S&OP
Transportation Management Issue
17. Critical part of global supply chains
4PL
Supply Chain Definition
Ports
Common Culture
18. Coordination and Integration can reduce the inventory level on horizontal and vertical levels in the SC. (the bullwhip effect [when inventory is duplicated])
Collaborative Relationship
Logistics Management
Inventory Deployment Issue
Types of Forecasts
19. Globalization - Technology - Organizational Consolidation - Empowered Customer - Government Policy and Regulation
Forces Driving the Rate of Change
Place Utility Definition
Ocean
Technology Issue
20. The time that elapses from when a buyer places an order until receipt of the order
DDP
ERP
Order Cycle Time
Strategic Role of I.T.
21. Fast - high rate
Logistics Activities
Ports
Ocean
Air
22. Both parties in a vendor relational are said to be at "arm's" length.
Supply Chain Security Issue
Utility(ies) associated with Marketing
Two Phases of order mgmt.
Transactional Relationship
23. How firms in this industry create value for their commercial clients
Arm's Length
Third Party Logistics Industry
Top US exports to China
Inventory
24. Business agreements between firms that have "parallel" or cooperating positions in the logistics process.
Collaborative Relationship
Horizontal Relationships
Top US trading partners
FAS
25. Getting the Right Things to the Right Place at the Right Time at the lowest cost.
Supply Chain Security Issue
Strategic Role of I.T.
Logistics
Empowered Customer Force
26. Form Utility
Physical Distribution
Organizational Relationships Issue
Utility(ies) associated with Production
Types of Forecasts
27. Two or more business orgs cooperate and willingly modify their business objectives and practices to help achieve long-term goals.
Performance Measurement Issue
Service Logistics
The Micro Dimension
Collaborative Relationship
28. Procurement and Manufacturing - value adding activities
Inbound
DDP
Horizontal Relationships
Logistics Activities
29. Increased complexity for organizations (from SKUs to trade regulations) is a problem. Organizations should simplify.
CRM Customer Relationship Management
Logistics Activities
Globalization Force
Complexity Issue
30. Measures cost and performance of activities.
MRP
ABC Activity-Based Costing
Types of 3PLs
Utility(ies) associated with Marketing
31. An external supplier that performs all or part of a company's logistics functions.
Component Support
3rd Party Logistics
Utility(ies) associated with Logistics
Supply Chain Definition
32. Challenge is to evaluate and successfully implement the technology
DDP
Technology Issue
Time Utility Definition
Third Party Logistics Industry
33. Anything that touches the customer
Strategic Relationship
Order Cycle Time
Customer Service
Vertical Relationship
34. Free Alongside Ship
Factors Affecting Demand
Balancing Supply/Demand
FAS
Forecasting
35. Segment Customer Base - Identify the product service package - Develop and execute the best procedures - measure performance continuously
Steps in implementing CRM
Types of 3PLs
Utility(ies) associated with Logistics
Form Utility Definition
36. Export goods and services to overseas buyers and handles most of the export arrangements.
Export Trading Companies
Utility(ies) associated with Marketing
Time Utility Definition
Forecast Errors
37. Materials Requirement Planning
Air
FOB
Factors Affecting Demand
MRP
38. 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
Event Logistics
Ports
TMS
Strategic Role of I.T.
39. The most pervasive and important global shipment method. Low rates - wide variety of products
Form Utility Definition
Information Issue
Customer Service
Ocean
40. CFE - MSE - MAD - MAPE
Performance Measurement Issue
Government Regulations and Policy Force
Forecast Errors
Collaborative Relationship
41. Electrical Machinery - Power Generation Equipment.
Top US imports from China
Performance Measurement Issue
Organizational Consolidation Force
CFR
42. Customers trade partnership against terrorism
C-TPAT
Supply Chain Relationship
CFR
Supply Chain Definition
43. Delivered Duty Paid
DDP
Air
Council of Supply Chain Management
Strategic Example
44. Collaborative Planning - Forecasting - and Replenishment
Place Utility Definition
CPFR
Inventory Deployment Issue
Steps in implementing CRM
45. The network facilities and supporting transportation is important. It must be capable and able to respond to change in the marketplace.
Performance Measurement Issue
Inventory Deployment Issue
Service Logistics
Supply Chain Network Issue
46. Adding value to products by making them available when they're needed.
Supply Chain Flows
Categories of Logistics Quantification Pyramid
Time Utility Definition
Freight Forwarder
47. The branch of military science having to do with procuring - maintaining - utility/value and transporting material - personnel - and facilities
Government Regulations and Policy Force
Internal Society of Logistics
Transactional Relationship
Strategic Role of I.T.
48. Strategically positioning customers to improve the profitability of the organization and enhance its relationship with its customer base
CRM Customer Relationship Management
Third Party Logistics Industry
Supply Chain Security Issue
Supply Chain Flows
49. Electrical Machinery - Power Generation Equipment
Top US exports to China
Event Logistics
Organizational Consolidation Force
Categories of Logistics Quantification Pyramid
50. 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
Inbound
Logistics Management
Logistics Activities
WMS