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Test your basic knowledge |
Business Logistics Management
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Subject
:
business-skills
Instructions:
Answer 50 questions in 15 minutes.
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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. Right product - right time - right quantity - right quality - right cost - right destination
Supply Chain
Transportation Management Issue
Motor
Military Logistics
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
Utility(ies) associated with Production
Categories of Logistics Quantification Pyramid
Business Logistics
Ocean
3. North American Free Trade Agreement. Establishes free trade between US - Canada - and Mexico
Four Subdivisions of Logistics
NAFTA
Immutable Laws of Collaborative Logistics
Horizontal Relationships
4. Primarily created through the basic marketing activities related to the promotion of products and services -
Possession Utility
Empowered Customer Force
Inventory
4PL
5. Relevant - Accurate - Accessible - Timely - Transferable
Transactional Relationship
Types of Forecasts
Information Requirements
Possession Utility
6. 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
Supply Chain Issues
Strategic Relationship
Top US exports to China
7. Organizations require collaboration or cooperation.
Four Subdivisions of Logistics
Utility(ies) associated with Production
Service Logistics
Organizational Relationships Issue
8. Business Logistics - Military Logistics - Event Logistics - Service Logistics
ERP
Major categories of metrics
Transactional Relationship
Four Subdivisions of Logistics
9. The branch of military science having to do with procuring - maintaining - utility/value and transporting material - personnel - and facilities
Dimensions of customer service
Internal Society of Logistics
3rd Party Logistics
Global Markets Characteristics
10. Transportation Management System
Immutable Laws of Collaborative Logistics
TMS
Forces Driving the Rate of Change
Internal Metrics
11. Management of materials in motion and at rest.
Value Added Role of Logistics (5 types of utility)
Inventory
Common Culture
Categories of Logistics Quantification Pyramid
12. Point-of-sale(POS); Collaborative planning - forecasting - and replenishment(CPFR); Vendor-managed inventory (VMI)
Organizational Consolidation Force
CPFR
Four Subdivisions of Logistics
4PL
13. Anything that touches the customer
Common Culture
Customer Service
Service Logistics
DRP
14. Critical part of global supply chains
C-TPAT
Ports
Categories of Logistics Quantification Pyramid
Dimensions of customer service
15. 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
Common Culture
Ports
Top US exports to China
Performance Measurement Issue
16. Focuses on the outbound side of of a firm's logistics system.
Common Culture
Physical Distribution
Global Markets Characteristics
Forecast Errors
17. Time Utility - Place Utility - Quantity Utility
Utility(ies) associated with Logistics
C-TPAT
Integrated Supply Chain
Freight Forwarder
18. Simple moving average - Weighted Moving average - Exponential Smoothing - Adjusted Exponential Smoothing for Trend - Seasonal Influences
Global Markets Characteristics
Types of Forecasts
CRM Customer Relationship Management
Logistics Management
19. Producer to Store - servicing the customer
Outbound
FOB
Common Culture
Utility(ies) associated with Production
20. Deregulation: Transportation - Communications - and Financial Institutions
CIF
Government Regulations and Policy Force
Business Logistics
Types of 3PLs
21. Challenge is to evaluate and successfully implement the technology
Time Utility Definition
Order Cycle Time
Freight Forwarder
Technology Issue
22. Adding value to products by making them available when they're needed.
Logistics Activities
Time Utility Definition
Information Requirements
Inbound
23. Adding value to products by having them where people want them.
CFR
Export Management Companies
Place Utility Definition
3rd Party Logistics
24. Reliability - Responsiveness - Flexibility - Cost - Assets
Supply Chain Security Issue
FOB
Customer Service
Major categories of metrics
25. Order Fill Rate - Perfect Order
Supply Chain Flows
External Metrics
DDP
Physical Distribution
26. 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
Component Support
Logistics Activities
Four Subdivisions of Logistics
FOB
27. Segment Customer Base - Identify the product service package - Develop and execute the best procedures - measure performance continuously
Global Markets Characteristics
Steps in implementing CRM
Supply Chain Flows
R's of Information
28. Partner
Collaborative Example
Types of 3PLs
Four Subdivisions of Logistics
Place Utility Definition
29. Distribution Requirement Planning
Complexity Issue
Transportation Management Issue
DRP
Immutable Laws of Collaborative Logistics
30. Form - Time - Place - Quantity - Possession
Organizational Relationships Issue
Technology Force
Value Added Role of Logistics (5 types of utility)
Global Markets Characteristics
31. Increased complexity for organizations (from SKUs to trade regulations) is a problem. Organizations should simplify.
Collaborative Example
Export Trading Companies
Internal Society of Logistics
Complexity Issue
32. Export goods and services to overseas buyers and handles most of the export arrangements.
Export Trading Companies
Freight Forwarder
Collaborative Example
Common Culture
33. Delivered Duty Paid
DDP
3rd Party Logistics
Global Markets Characteristics
Ocean
34. Represents an alternative that may imply even greater involvement than the partnership or strategic alliance
Customer Service
Horizontal Relationships
Strategic Relationship
Logistics
35. Analyze and evaluate on organizations efficiency over a time period.
Performance Measurement Issue
CRM Customer Relationship Management
Forecasting
Service Logistics
36. Networks - Complexity - Inventory Deployment - Information - Cost/Value - Organizational Relationships - Performance Measurement - Technology - Transportation Management - Supply Chain Security
Supply Chain Issues
Types of Forecasts
Place Utility Definition
Strategic Role of I.T.
37. Acquisition - scheduling and management of the facilities/ assets - personnel and materials to support and sustain a service operation or business.
Service Logistics
External Metrics
Inventory Deployment Issue
FAS
38. Electrical Machinery - Power Generation Equipment
Empowered Customer Force
Factors Affecting Demand
Types of 3PLs
Top US exports to China
39. Sales and Order Processing
Cost/Value Issue
Information Requirements
S&OP
R's of Information
40. Value added by delivering the proper amount of a good.
Inbound
Organizational Consolidation Force
Quantity Utility Definition
Internal Society of Logistics
41. 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
DDP
Form Utility Definition
Place Utility Definition
42. Coordination and Integration can reduce the inventory level on horizontal and vertical levels in the SC. (the bullwhip effect [when inventory is duplicated])
Inventory Deployment Issue
Order Cycle Time
Performance Measurement Issue
Forces Driving the Rate of Change
43. Procurement and Manufacturing - value adding activities
Vertical Relationship
Strategic Relationship
Strategic Role of I.T.
Forecasting
44. Efficiency (cost) and effectiveness (value). A challenge for SCs is the prevention of sub-optimization.
Supply Chain
MRP
Outbound
Cost/Value Issue
45. CFE - MSE - MAD - MAPE
Transactional Relationship
ROA
Component Support
Forecast Errors
46. Act as agents for domestic firms in the international arena.
Horizontal Relationships
Order Cycle Time
Export Management Companies
Supply Chain Issues
47. Right: information - partner - quantity - format - time - place - cost
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48. Processes for developing and implementing successful relationship
Order Cycle Time
Supply Chain Relationship
Military Logistics
Cost/Value Issue
49. An external supplier that performs all or part of a company's logistics functions.
3rd Party Logistics
Performance Measurement Issue
Supply Chain Security Issue
CFR
50. Form Utility
Complexity Issue
Utility(ies) associated with Production
Military Logistics
Value Added Role of Logistics (5 types of utility)
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