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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. Providing time and place utility/value of materials and products in support of Functional management organization objectives.
Logistics Activities
Supply Chain Definition
Component Support
External Metrics
2. 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
3rd Party Logistics
Logistics Activities
Information Requirements
Business Logistics
3. How firms in this industry create value for their commercial clients
Types of 3PLs
WMS
Third Party Logistics Industry
Two Phases of order mgmt.
4. Anything that touches the customer
Customer Service
Quantity Utility Definition
Supply Chain Network Issue
Balancing Supply/Demand
5. Globalization - Technology - Organizational Consolidation - Empowered Customer - Government Policy and Regulation
Information Issue
Forces Driving the Rate of Change
Supply Chain Flows
Internal Metrics
6. The management of the movement of materials and information within - into - and out of the firm
Technology Issue
Council of Supply Chain Management
Types of Forecasts
Logistics Management
7. North American Free Trade Agreement. Establishes free trade between US - Canada - and Mexico
Export Trading Companies
Globalization Force
NAFTA
Logistics Activities
8. The time that elapses from when a buyer places an order until receipt of the order
Vertical Relationship
Common Culture
Steps in implementing CRM
Order Cycle Time
9. Transportation-based - Warehouse/distribution-based - Forwarder-based - Shipper/management-based - Financial-based - Information-based firms
Event Logistics
Supply Chain Definition
Value Added Role of Logistics (5 types of utility)
Types of 3PLs
10. Getting the Right Things to the Right Place at the Right Time at the lowest cost.
Strategic Role of I.T.
Logistics
Arm's Length
Immutable Laws of Collaborative Logistics
11. Random Variation - Trend - Seasonal Patterns - Normal Business Cycle
Balancing Supply/Demand
Factors Affecting Demand
DRP
Common Culture
12. Partner
Collaborative Example
Military Logistics
Inventory
Empowered Customer Force
13. The branch of military science having to do with procuring - maintaining - utility/value and transporting material - personnel - and facilities
Internal Society of Logistics
Quantity Utility Definition
NAFTA
Export Trading Companies
14. Point-of-sale(POS); Collaborative planning - forecasting - and replenishment(CPFR); Vendor-managed inventory (VMI)
Inventory Deployment Issue
Organizational Consolidation Force
Global Markets Characteristics
Utility(ies) associated with Logistics
15. Cost and Freight
CFR
Supply Chain Relationship
Forecasting
Vertical Relationship
16. Delivered Duty Paid
DDP
3rd Party Logistics
External Metrics
Transportation Management Issue
17. Simple moving average - Weighted Moving average - Exponential Smoothing - Adjusted Exponential Smoothing for Trend - Seasonal Influences
Performance Measurement Issue
TMS
Types of Forecasts
CFR
18. Time Utility - Place Utility - Quantity Utility
Four Subdivisions of Logistics
Major categories of metrics
Performance Categories
Utility(ies) associated with Logistics
19. Analyze and evaluate on organizations efficiency over a time period.
Air
Performance Measurement Issue
Place Utility Definition
Supply Chain Flows
20. Export goods and services to overseas buyers and handles most of the export arrangements.
Export Trading Companies
Council of Supply Chain Management
Customer Service
Forecast Errors
21. Segment Customer Base - Identify the product service package - Develop and execute the best procedures - measure performance continuously
Strategic Role of I.T.
Steps in implementing CRM
Information Requirements
Supply Chain Issues
22. Warehouse Management System
Vertical Relationship
Utility(ies) associated with Production
Organizational Relationships Issue
WMS
23. Enlightened - Educated - easy access to Internet
Inbound
Inventory
Empowered Customer Force
Component Support
24. Influencing the order - order execution
Immutable Laws of Collaborative Logistics
Two Phases of order mgmt.
Top US trading partners
Export Management Companies
25. Electrical Machinery - Power Generation Equipment
Top US exports to China
Information Issue
Empowered Customer Force
Freight Forwarder
26. Management of materials in motion and at rest.
Internal Metrics
Cost/Value Issue
Inventory
Technology Force
27. Cost - Insurance - and Freight
Inventory Deployment Issue
CIF
Collaborative Example
Forces Driving the Rate of Change
28. 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
Inventory Deployment Issue
Third Party Logistics Industry
Supply Chain Network Issue
29. Producer to Store - servicing the customer
Outbound
FAS
Military Logistics
Factors Affecting Demand
30. Acquisition - scheduling and management of the facilities/ assets - personnel and materials to support and sustain a service operation or business.
Possession Utility
CRM Customer Relationship Management
External Metrics
Service Logistics
31. Vendor
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32. 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.
CPFR
Council of Supply Chain Management
CRM Customer Relationship Management
Organizational Consolidation Force
33. Plays large part in intermodal shipments.
Order Cycle Time
Motor
Inbound
4PL
34. Right: information - partner - quantity - format - time - place - cost
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35. Customers trade partnership against terrorism
Complexity Issue
Third Party Logistics Industry
Technology Issue
C-TPAT
36. 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
Order Cycle Time
Ports
Common Culture
Cost/Value Issue
37. 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.
MRP
4PL
Export Trading Companies
Third Party Logistics Industry
38. 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
Form Utility Definition
Arm's Length
Immutable Laws of Collaborative Logistics
FOB
39. Sales and Order Processing
S&OP
FAS
Top US trading partners
Time Utility Definition
40. Right product - right time - right quantity - right quality - right cost - right destination
Transactional Relationship
Transportation Management Issue
Value Added Role of Logistics (5 types of utility)
Information Issue
41. CFE - MSE - MAD - MAPE
C-TPAT
FAS
Utility(ies) associated with Production
Forecast Errors
42. The ________ is associated with downstream activities.
Ports
NAFTA
Supply Chain
ERP
43. Efficiency (cost) and effectiveness (value). A challenge for SCs is the prevention of sub-optimization.
S&OP
Cost/Value Issue
Forces Driving the Rate of Change
Types of 3PLs
44. Business Logistics - Military Logistics - Event Logistics - Service Logistics
Four Subdivisions of Logistics
FOB
Top US exports to China
Balancing Supply/Demand
45. The network facilities and supporting transportation is important. It must be capable and able to respond to change in the marketplace.
Immutable Laws of Collaborative Logistics
Technology Force
Export Trading Companies
Supply Chain Network Issue
46. Focuses on the outbound side of of a firm's logistics system.
Physical Distribution
Event Logistics
Order Cycle Time
Forecasting
47. Form Utility
4PL
Utility(ies) associated with Production
Freight Forwarder
Logistics Activities
48. 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.
Customer Service
Customer (7 R's of logistics)
Information Issue
Dimensions of customer service
49. An external supplier that performs all or part of a company's logistics functions.
Major categories of metrics
Component Support
3rd Party Logistics
CIF
50. Processes for developing and implementing successful relationship
Common Culture
Types of Forecasts
Supply Chain Relationship
Third Party Logistics Industry