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Test your basic knowledge |
Business Logistics Management
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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. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.
Technology Force
S&OP
Collaborative Example
Four Subdivisions of Logistics
2. Concern and potential challenge since 9/11. Must be prepared for terrorist attack.
FAS
TMS
ERP
Supply Chain Security Issue
3. 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.
Collaborative Relationship
Order Cycle Time
Council of Supply Chain Management
Horizontal Relationships
4. Customers trade partnership against terrorism
Export Trading Companies
Organizational Consolidation Force
Value Added Role of Logistics (5 types of utility)
C-TPAT
5. Acquisition - scheduling and management of the facilities/ assets - personnel and materials to support and sustain a service operation or business.
Four Subdivisions of Logistics
Service Logistics
C-TPAT
Strategic Example
6. Warehouse Management System
Supply Chain Definition
MRP
WMS
ERP
7. Influences product availability
Time Utility Definition
Ports
Order Cycle Time
Freight Forwarder
8. Transportation-based - Warehouse/distribution-based - Forwarder-based - Shipper/management-based - Financial-based - Information-based firms
Types of 3PLs
External Metrics
Collaborative Relationship
Internal Society of Logistics
9. Materials Requirement Planning
MRP
Horizontal Relationships
Information Issue
Utility(ies) associated with Logistics
10. Globalization - Technology - Organizational Consolidation - Empowered Customer - Government Policy and Regulation
Arm's Length
Performance Measurement Issue
Forces Driving the Rate of Change
CIF
11. Adding value to products by having them where people want them.
Place Utility Definition
Forecast Errors
Organizational Relationships Issue
Vertical Relationship
12. Right product - right time - right quantity - right quality - right cost - right destination
Transportation Management Issue
Government Regulations and Policy Force
Arm's Length
Order Cycle Time
13. Export goods and services to overseas buyers and handles most of the export arrangements.
Export Trading Companies
Two Phases of order mgmt.
Quantity Utility Definition
NAFTA
14. An external supplier that performs all or part of a company's logistics functions.
Business Logistics
3rd Party Logistics
Supply Chain Flows
Transactional Relationship
15. Segment Customer Base - Identify the product service package - Develop and execute the best procedures - measure performance continuously
TMS
Order Cycle Time
Time Utility Definition
Steps in implementing CRM
16. 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
ABC Activity-Based Costing
TMS
Common Culture
Information Requirements
17. Reliability - Responsiveness - Flexibility - Cost - Assets
Transactional Relationship
Major categories of metrics
Order Cycle Time
Inventory
18. 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).
Business Logistics
CRM Customer Relationship Management
Event Logistics
Horizontal Relationships
19. Increased complexity for organizations (from SKUs to trade regulations) is a problem. Organizations should simplify.
4PL
Complexity Issue
Order Cycle Time
Business Logistics
20. Simple moving average - Weighted Moving average - Exponential Smoothing - Adjusted Exponential Smoothing for Trend - Seasonal Influences
R's of Information
Vertical Relationship
Types of Forecasts
Utility(ies) associated with Logistics
21. 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
Integrated Supply Chain
ABC Activity-Based Costing
Immutable Laws of Collaborative Logistics
Order Cycle Time
22. Coordination and Integration can reduce the inventory level on horizontal and vertical levels in the SC. (the bullwhip effect [when inventory is duplicated])
Utility(ies) associated with Production
Inventory Deployment Issue
Supply Chain Issues
Supply Chain Relationship
23. Supplies expertise to international shippers. Consolidate small shipments. Derives income from fees for service.
Freight Forwarder
Component Support
Internal Metrics
Information Requirements
24. Processes for developing and implementing successful relationship
Cost/Value Issue
Customer (7 R's of logistics)
Supply Chain Relationship
Arm's Length
25. Partner
Ports
Export Management Companies
Business Logistics
Collaborative Example
26. 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
Service Logistics
Performance Measurement Issue
ROA
27. 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
Supply Chain Relationship
R's of Information
Logistics Activities
Time Utility Definition
28. The dual flow of Product/Services - Information - and Finances across the suppliers - distributors - manufacturers - wholesalers - and customers.
Integrated Supply Chain
Dimensions of customer service
Export Management Companies
Export Trading Companies
29. Value added to goods through a manufacturing or assembly process.
Form Utility Definition
CPFR
C-TPAT
Physical Distribution
30. Refer to the traditional linkages between firms in the supply chain such as retailers - distributors - manufacturers - and parts and materials suppliers
Logistics Management
Export Management Companies
Component Support
Vertical Relationship
31. Deregulation: Transportation - Communications - and Financial Institutions
Government Regulations and Policy Force
Outbound
Supply Chain Relationship
Component Support
32. Providing time and place utility/value of materials and products in support of Functional management organization objectives.
Customer Service
Component Support
The Micro Dimension
Supply Chain Flows
33. Sales and Order Processing
Time Utility Definition
S&OP
Inbound
Supply Chain Security Issue
34. 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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35. Influencing the order - order execution
Service Logistics
Two Phases of order mgmt.
Organizational Consolidation Force
FOB
36. Procurement and Manufacturing - value adding activities
Top US exports to China
Forecasting
Types of 3PLs
Military Logistics
37. Channel Satisfaction - Transaction Cost and Revenue - Logistics Operations - Logistics Service
NAFTA
Inventory Deployment Issue
Technology Force
Categories of Logistics Quantification Pyramid
38. Plays large part in intermodal shipments.
Motor
Transportation Management Issue
C-TPAT
Place Utility Definition
39. Possession Utility
Air
Utility(ies) associated with Marketing
Dimensions of customer service
Export Management Companies
40. Producer to Store - servicing the customer
Complexity Issue
Outbound
Factors Affecting Demand
Order Cycle Time
41. Procurement and Manufacturing - value adding activities
Inbound
ERP
Supply Chain Issues
Immutable Laws of Collaborative Logistics
42. 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.
Transportation Management Issue
Air
Strategic Example
4PL
43. Enterprise Resource Planning
Global Markets Characteristics
ERP
Ocean
C-TPAT
44. The ________ is associated with downstream activities.
Supply Chain
Component Support
Utility(ies) associated with Logistics
Vertical Relationship
45. 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.
Supply Chain Flows
Information Issue
Customer Service
Utility(ies) associated with Marketing
46. Efficiency (cost) and effectiveness (value). A challenge for SCs is the prevention of sub-optimization.
Balancing Supply/Demand
FAS
Cost/Value Issue
4PL
47. Random Variation - Trend - Seasonal Patterns - Normal Business Cycle
Factors Affecting Demand
Customer (7 R's of logistics)
Information Issue
Time Utility Definition
48. Measures cost and performance of activities.
Utility(ies) associated with Marketing
ABC Activity-Based Costing
Globalization Force
Balancing Supply/Demand
49. Electrical Machinery - Power Generation Equipment.
Top US imports from China
MRP
Military Logistics
Component Support
50. Cost and Freight
CFR
3rd Party Logistics
Strategic Role of I.T.
DDP