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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. Both parties in a vendor relational are said to be at "arm's" length.
Quantity Utility Definition
Ports
Integrated Supply Chain
Transactional Relationship
2. The network facilities and supporting transportation is important. It must be capable and able to respond to change in the marketplace.
Four Subdivisions of Logistics
Globalization Force
Supply Chain Network Issue
Integrated Supply Chain
3. Partner
Collaborative Example
Types of Forecasts
CPFR
Organizational Consolidation Force
4. Possession Utility
Inbound
Horizontal Relationships
Utility(ies) associated with Marketing
Information Issue
5. Right product - right time - right quantity - right quality - right cost - right destination
Four Subdivisions of Logistics
Transportation Management Issue
Technology Issue
Organizational Relationships Issue
6. Point-of-sale(POS); Collaborative planning - forecasting - and replenishment(CPFR); Vendor-managed inventory (VMI)
S&OP
Types of Forecasts
Organizational Consolidation Force
Component Support
7. An external supplier that performs all or part of a company's logistics functions.
Collaborative Example
Information Issue
3rd Party Logistics
Strategic Role of I.T.
8. Canada - China - Mexico
Logistics
Top US trading partners
Collaborative Example
Value Added Role of Logistics (5 types of utility)
9. Channel Satisfaction - Transaction Cost and Revenue - Logistics Operations - Logistics Service
ERP
Categories of Logistics Quantification Pyramid
Forecast Errors
Strategic Role of I.T.
10. Cost and Freight
Order Cycle Time
Forecast Errors
CFR
DDP
11. Supplies expertise to international shippers. Consolidate small shipments. Derives income from fees for service.
Customer Service
FAS
Freight Forwarder
Common Culture
12. Cost - Insurance - and Freight
ROA
Immutable Laws of Collaborative Logistics
Strategic Role of I.T.
CIF
13. Processes for developing and implementing successful relationship
Supply Chain Relationship
Business Logistics
Two Phases of order mgmt.
Outbound
14. Item Fill Rate - Line Fill Rate
Physical Distribution
Four Subdivisions of Logistics
MRP
Internal Metrics
15. Represents an alternative that may imply even greater involvement than the partnership or strategic alliance
Categories of Logistics Quantification Pyramid
Inventory Deployment Issue
Strategic Relationship
Supply Chain Network Issue
16. Delivered Duty Paid
WMS
Internal Society of Logistics
Performance Categories
DDP
17. Concern and potential challenge since 9/11. Must be prepared for terrorist attack.
Customer Service
DRP
Supply Chain Security Issue
CPFR
18. Adding value to products by having them where people want them.
Inbound
Major categories of metrics
Business Logistics
Place Utility Definition
19. Transportation-based - Warehouse/distribution-based - Forwarder-based - Shipper/management-based - Financial-based - Information-based firms
CRM Customer Relationship Management
Event Logistics
Organizational Relationships Issue
Types of 3PLs
20. Critical part of global supply chains
Ports
Logistics Activities
Forecast Errors
FAS
21. 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
Globalization Force
Logistics Activities
Ocean
FOB
22. North American Free Trade Agreement. Establishes free trade between US - Canada - and Mexico
Air
Freight Forwarder
Utility(ies) associated with Production
NAFTA
23. Strategically positioning customers to improve the profitability of the organization and enhance its relationship with its customer base
CRM Customer Relationship Management
Strategic Example
Balancing Supply/Demand
Utility(ies) associated with Marketing
24. The branch of military science having to do with procuring - maintaining - utility/value and transporting material - personnel - and facilities
Logistics Activities
Export Management Companies
Physical Distribution
Internal Society of Logistics
25. Time - Quality - Cost - Supporting Metrics
Performance Categories
Logistics Activities
R's of Information
3rd Party Logistics
26. Procurement and Manufacturing - value adding activities
Logistics Activities
Air
Time Utility Definition
Forecasting
27. Getting the Right Things to the Right Place at the Right Time at the lowest cost.
Supply Chain Security Issue
Government Regulations and Policy Force
Logistics
Inbound
28. Growth to a global or worldwide scale. Important Issues in a SC: More volatile supply and demand - shorter product lifetimes - blurring of organizational boundaries.
CRM Customer Relationship Management
Globalization Force
Top US trading partners
Third Party Logistics Industry
29. Free Alongside Ship
4PL
Value Added Role of Logistics (5 types of utility)
Transactional Relationship
FAS
30. The time that elapses from when a buyer places an order until receipt of the order
Order Cycle Time
CIF
Government Regulations and Policy Force
Form Utility Definition
31. Return on Assets.
Global Markets Characteristics
Third Party Logistics Industry
Supply Chain Relationship
ROA
32. Marketing - Manufacturing/operations - Finance - Accounting
Strategic Relationship
The Micro Dimension
Integrated Supply Chain
Organizational Relationships Issue
33. Electrical Machinery - Power Generation Equipment.
Information Issue
Top US imports from China
4PL
Service Logistics
34. Focuses on the outbound side of of a firm's logistics system.
Performance Categories
Top US exports to China
Physical Distribution
Inventory
35. 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
Inbound
Common Culture
MRP
CIF
36. Reliability - Responsiveness - Flexibility - Cost - Assets
Four Subdivisions of Logistics
Vertical Relationship
Ocean
Major categories of metrics
37. Efficiency (cost) and effectiveness (value). A challenge for SCs is the prevention of sub-optimization.
Military Logistics
Logistics Activities
Motor
Cost/Value Issue
38. 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.
Empowered Customer Force
Two Phases of order mgmt.
MRP
Information Issue
39. Management of Product/Service - Information - and Cash Flows.
Supply Chain Definition
Utility(ies) associated with Production
Possession Utility
Time Utility Definition
40. Form Utility
Top US imports from China
Top US trading partners
Utility(ies) associated with Production
Council of Supply Chain Management
41. Adding value to products by making them available when they're needed.
R's of Information
Time Utility Definition
S&OP
Logistics Activities
42. External - Balancing - Price & Lead Time - Internal - Internal Balancing & Inventory/Production flexibility
Supply Chain
TMS
Cost/Value Issue
Balancing Supply/Demand
43. 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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44. Relevant - Accurate - Accessible - Timely - Transferable
Third Party Logistics Industry
Supply Chain Relationship
Major categories of metrics
Information Requirements
45. Two or more business orgs cooperate and willingly modify their business objectives and practices to help achieve long-term goals.
Technology Force
Global Markets Characteristics
Collaborative Relationship
Types of 3PLs
46. Refer to the traditional linkages between firms in the supply chain such as retailers - distributors - manufacturers - and parts and materials suppliers
R's of Information
Vertical Relationship
Utility(ies) associated with Production
Forces Driving the Rate of Change
47. 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
Ocean
Integrated Supply Chain
Four Subdivisions of Logistics
Immutable Laws of Collaborative Logistics
48. Transportation Management System
TMS
Place Utility Definition
DRP
Ports
49. Act as agents for domestic firms in the international arena.
Customer (7 R's of logistics)
Information Issue
FAS
Export Management Companies
50. 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.
Logistics Management
ERP
Categories of Logistics Quantification Pyramid
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