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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. Adding value to products by having them where people want them.
Place Utility Definition
Utility(ies) associated with Logistics
Four Subdivisions of Logistics
External Metrics
2. 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
Factors Affecting Demand
Steps in implementing CRM
Forces Driving the Rate of Change
3. Influencing the order - order execution
Two Phases of order mgmt.
Organizational Consolidation Force
Customer Service
MRP
4. 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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5. Item Fill Rate - Line Fill Rate
Internal Metrics
3rd Party Logistics
FAS
Immutable Laws of Collaborative Logistics
6. Free On Board
NAFTA
FOB
Collaborative Relationship
Business Logistics
7. 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
Collaborative Example
Integrated Supply Chain
Logistics Activities
Internal Society of Logistics
8. 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
FOB
Export Management Companies
Cost/Value Issue
9. Business agreements between firms that have "parallel" or cooperating positions in the logistics process.
Horizontal Relationships
Technology Force
Logistics
Factors Affecting Demand
10. Free Alongside Ship
Council of Supply Chain Management
FAS
NAFTA
TMS
11. North American Free Trade Agreement. Establishes free trade between US - Canada - and Mexico
Customer (7 R's of logistics)
Supply Chain Network Issue
Integrated Supply Chain
NAFTA
12. Represents an alternative that may imply even greater involvement than the partnership or strategic alliance
Outbound
Possession Utility
Strategic Relationship
Forecasting
13. Focuses on the outbound side of of a firm's logistics system.
Logistics
Vertical Relationship
Top US exports to China
Physical Distribution
14. The most pervasive and important global shipment method. Low rates - wide variety of products
Transportation Management Issue
4PL
Ocean
Forecasting
15. 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.
Military Logistics
Physical Distribution
Information Requirements
Performance Measurement Issue
16. Challenge is to evaluate and successfully implement the technology
Technology Issue
Physical Distribution
Performance Categories
Strategic Example
17. Cost and Freight
Inventory Deployment Issue
CFR
Horizontal Relationships
Business Logistics
18. Transportation Management System
Outbound
TMS
Arm's Length
Inventory
19. Right product - right time - right quantity - right quality - right cost - right destination
Service Logistics
Complexity Issue
Common Culture
Transportation Management Issue
20. Network of activities - facilities and personnel required to organize - schedule and deploy the resources for an even to take place and to effectively withdraw after the even (ex: Superbowl).
Organizational Relationships Issue
4PL
Export Trading Companies
Event Logistics
21. Critical part of global supply chains
Strategic Relationship
Top US imports from China
Types of 3PLs
Ports
22. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.
Performance Categories
CIF
Utility(ies) associated with Production
Technology Force
23. Export goods and services to overseas buyers and handles most of the export arrangements.
Order Cycle Time
Military Logistics
Export Trading Companies
Supply Chain
24. Procurement and Manufacturing - value adding activities
Order Cycle Time
Service Logistics
Inbound
Major categories of metrics
25. Simple moving average - Weighted Moving average - Exponential Smoothing - Adjusted Exponential Smoothing for Trend - Seasonal Influences
Types of Forecasts
Military Logistics
MRP
Inventory
26. Networks - Complexity - Inventory Deployment - Information - Cost/Value - Organizational Relationships - Performance Measurement - Technology - Transportation Management - Supply Chain Security
Major categories of metrics
Supply Chain Issues
Categories of Logistics Quantification Pyramid
MRP
27. CFE - MSE - MAD - MAPE
Forecast Errors
Inventory
ABC Activity-Based Costing
Utility(ies) associated with Marketing
28. Refer to the traditional linkages between firms in the supply chain such as retailers - distributors - manufacturers - and parts and materials suppliers
Utility(ies) associated with Marketing
WMS
Vertical Relationship
Inventory
29. Reduced complexity - reduced product life cycle - more volatility - organizational structures frequently change.
Global Markets Characteristics
Types of Forecasts
Customer Service
Supply Chain Issues
30. 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
Transportation Management Issue
Motor
Time Utility Definition
Common Culture
31. Transportation-based - Warehouse/distribution-based - Forwarder-based - Shipper/management-based - Financial-based - Information-based firms
Types of 3PLs
Information Issue
4PL
Integrated Supply Chain
32. External - Balancing - Price & Lead Time - Internal - Internal Balancing & Inventory/Production flexibility
Customer Service
Balancing Supply/Demand
Top US trading partners
Major categories of metrics
33. Producer to Store - servicing the customer
Outbound
External Metrics
Order Cycle Time
Forces Driving the Rate of Change
34. Plays large part in intermodal shipments.
Technology Issue
Form Utility Definition
Ports
Motor
35. Fast - high rate
Air
ERP
Organizational Consolidation Force
Horizontal Relationships
36. Influences product availability
Order Cycle Time
The Micro Dimension
Dimensions of customer service
Time Utility Definition
37. Anything that touches the customer
The Micro Dimension
3rd Party Logistics
Customer Service
Ocean
38. Adding value to products by making them available when they're needed.
Forecast Errors
CIF
Time Utility Definition
Strategic Example
39. Concern and potential challenge since 9/11. Must be prepared for terrorist attack.
Export Management Companies
NAFTA
Supply Chain Security Issue
Top US exports to China
40. The management of the movement of materials and information within - into - and out of the firm
MRP
Complexity Issue
Logistics Management
Empowered Customer Force
41. How firms in this industry create value for their commercial clients
Third Party Logistics Industry
Two Phases of order mgmt.
CIF
Order Cycle Time
42. Warehouse Management System
Council of Supply Chain Management
Major categories of metrics
WMS
Form Utility Definition
43. Enterprise Resource Planning
CPFR
ERP
TMS
Motor
44. Acquisition - scheduling and management of the facilities/ assets - personnel and materials to support and sustain a service operation or business.
FOB
Service Logistics
Cost/Value Issue
Balancing Supply/Demand
45. Management of Product/Service - Information - and Cash Flows.
Strategic Example
Supply Chain Definition
Horizontal Relationships
Major categories of metrics
46. Relevant - Accurate - Accessible - Timely - Transferable
Information Requirements
Freight Forwarder
Organizational Relationships Issue
Order Cycle Time
47. Partner
Place Utility Definition
Top US trading partners
Collaborative Example
ROA
48. Act as agents for domestic firms in the international arena.
Top US trading partners
Export Management Companies
Types of 3PLs
Service Logistics
49. The dual flow of Product/Services - Information - and Finances across the suppliers - distributors - manufacturers - wholesalers - and customers.
Supply Chain Definition
CRM Customer Relationship Management
Supply Chain Network Issue
Integrated Supply Chain
50. The ________ is associated with downstream activities.
Technology Issue
Place Utility Definition
Performance Measurement Issue
Supply Chain