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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. Electrical Machinery - Power Generation Equipment.
Top US imports from China
Motor
Government Regulations and Policy Force
Customer (7 R's of logistics)
2. Influencing the order - order execution
Two Phases of order mgmt.
Internal Metrics
Performance Categories
Common Culture
3. Cost and Freight
CIF
CFR
Service Logistics
Performance Measurement Issue
4. Focuses on the outbound side of of a firm's logistics system.
Freight Forwarder
Physical Distribution
4PL
Arm's Length
5. Transportation-based - Warehouse/distribution-based - Forwarder-based - Shipper/management-based - Financial-based - Information-based firms
Performance Categories
Types of 3PLs
Internal Society of Logistics
Internal Metrics
6. Two or more business orgs cooperate and willingly modify their business objectives and practices to help achieve long-term goals.
Ports
Strategic Example
Collaborative Relationship
WMS
7. Acquisition - scheduling and management of the facilities/ assets - personnel and materials to support and sustain a service operation or business.
Two Phases of order mgmt.
Service Logistics
Technology Issue
Internal Society of Logistics
8. The network facilities and supporting transportation is important. It must be capable and able to respond to change in the marketplace.
Order Cycle Time
Supply Chain Network Issue
Time Utility Definition
Council of Supply Chain Management
9. Canada - China - Mexico
Logistics Activities
Top US trading partners
Collaborative Example
Physical Distribution
10. 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.
Technology Force
Event Logistics
Military Logistics
CRM Customer Relationship Management
11. External - Balancing - Price & Lead Time - Internal - Internal Balancing & Inventory/Production flexibility
The Micro Dimension
4PL
Performance Categories
Balancing Supply/Demand
12. Product/Service - Information - Finance
Supply Chain Flows
Major categories of metrics
Military Logistics
Utility(ies) associated with Marketing
13. Point-of-sale(POS); Collaborative planning - forecasting - and replenishment(CPFR); Vendor-managed inventory (VMI)
Collaborative Relationship
Logistics Management
ERP
Organizational Consolidation Force
14. North American Free Trade Agreement. Establishes free trade between US - Canada - and Mexico
Council of Supply Chain Management
Immutable Laws of Collaborative Logistics
Globalization Force
NAFTA
15. 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
Strategic Role of I.T.
Steps in implementing CRM
Categories of Logistics Quantification Pyramid
Supply Chain Relationship
16. Networks - Complexity - Inventory Deployment - Information - Cost/Value - Organizational Relationships - Performance Measurement - Technology - Transportation Management - Supply Chain Security
Supply Chain Definition
WMS
Information Requirements
Supply Chain Issues
17. Efficiency (cost) and effectiveness (value). A challenge for SCs is the prevention of sub-optimization.
Immutable Laws of Collaborative Logistics
Four Subdivisions of Logistics
Cost/Value Issue
ERP
18. Simple moving average - Weighted Moving average - Exponential Smoothing - Adjusted Exponential Smoothing for Trend - Seasonal Influences
Types of Forecasts
Utility(ies) associated with Logistics
Utility(ies) associated with Marketing
Possession Utility
19. Right: information - partner - quantity - format - time - place - cost
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20. Distribution Requirement Planning
DRP
Time Utility Definition
Service Logistics
Logistics Activities
21. Organizations require collaboration or cooperation.
Order Cycle Time
Four Subdivisions of Logistics
Transactional Relationship
Organizational Relationships Issue
22. Supplies expertise to international shippers. Consolidate small shipments. Derives income from fees for service.
Freight Forwarder
DRP
Steps in implementing CRM
Logistics Activities
23. Value added to goods through a manufacturing or assembly process.
ROA
Supply Chain
Steps in implementing CRM
Form Utility Definition
24. Transportation Management System
CPFR
ROA
Major categories of metrics
TMS
25. Segment Customer Base - Identify the product service package - Develop and execute the best procedures - measure performance continuously
Steps in implementing CRM
Technology Issue
Information Requirements
Customer Service
26. 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
Business Logistics
Forces Driving the Rate of Change
Customer Service
DRP
27. Sales and Order Processing
Service Logistics
Utility(ies) associated with Production
S&OP
Form Utility Definition
28. Globalization - Technology - Organizational Consolidation - Empowered Customer - Government Policy and Regulation
3rd Party Logistics
Forces Driving the Rate of Change
Motor
Supply Chain Security Issue
29. 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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30. The ________ is associated with downstream activities.
CFR
Top US trading partners
Supply Chain
Inventory
31. Fast - high rate
Four Subdivisions of Logistics
Third Party Logistics Industry
Air
Logistics
32. Form - Time - Place - Quantity - Possession
Technology Issue
Transactional Relationship
Utility(ies) associated with Marketing
Value Added Role of Logistics (5 types of utility)
33. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.
Technology Force
Third Party Logistics Industry
Global Markets Characteristics
Arm's Length
34. Reduced complexity - reduced product life cycle - more volatility - organizational structures frequently change.
Global Markets Characteristics
Freight Forwarder
Logistics Activities
Forecasting
35. Value added by delivering the proper amount of a good.
Quantity Utility Definition
Performance Measurement Issue
DRP
Collaborative Example
36. Primarily created through the basic marketing activities related to the promotion of products and services -
Possession Utility
FOB
Ports
R's of Information
37. Processes for developing and implementing successful relationship
Performance Categories
Internal Society of Logistics
Supply Chain Relationship
Collaborative Example
38. 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.
Council of Supply Chain Management
External Metrics
Logistics Activities
Internal Society of Logistics
39. Providing time and place utility/value of materials and products in support of Functional management organization objectives.
Transportation Management Issue
Supply Chain Network Issue
Component Support
ROA
40. Relevant - Accurate - Accessible - Timely - Transferable
CFR
Information Requirements
DRP
Possession Utility
41. Time - Dependability - Communications - Convenience
C-TPAT
Quantity Utility Definition
Dimensions of customer service
Transactional Relationship
42. Coordination and Integration can reduce the inventory level on horizontal and vertical levels in the SC. (the bullwhip effect [when inventory is duplicated])
Information Requirements
Inventory Deployment Issue
Types of 3PLs
ROA
43. Act as agents for domestic firms in the international arena.
Export Management Companies
Forces Driving the Rate of Change
Forecast Errors
Event Logistics
44. Measures cost and performance of activities.
Council of Supply Chain Management
Immutable Laws of Collaborative Logistics
ABC Activity-Based Costing
Top US trading partners
45. Time Utility - Place Utility - Quantity Utility
Supply Chain Network Issue
Utility(ies) associated with Marketing
Transportation Management Issue
Utility(ies) associated with Logistics
46. The dual flow of Product/Services - Information - and Finances across the suppliers - distributors - manufacturers - wholesalers - and customers.
Export Management Companies
Integrated Supply Chain
Supply Chain Flows
MRP
47. Free On Board
ABC Activity-Based Costing
FOB
Organizational Consolidation Force
Logistics
48. Concern and potential challenge since 9/11. Must be prepared for terrorist attack.
Two Phases of order mgmt.
Supply Chain Security Issue
Government Regulations and Policy Force
TMS
49. 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.
Motor
Ports
Top US exports to China
Information Issue
50. Form Utility
Globalization Force
Top US trading partners
The Micro Dimension
Utility(ies) associated with Production