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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. Influencing the order - order execution
Top US exports to China
Information Requirements
Two Phases of order mgmt.
Cost/Value Issue
2. Supplies expertise to international shippers. Consolidate small shipments. Derives income from fees for service.
ROA
Freight Forwarder
External Metrics
Globalization Force
3. Acquisition - scheduling and management of the facilities/ assets - personnel and materials to support and sustain a service operation or business.
Physical Distribution
Supply Chain Issues
Service Logistics
FOB
4. External - Balancing - Price & Lead Time - Internal - Internal Balancing & Inventory/Production flexibility
Types of 3PLs
Complexity Issue
Balancing Supply/Demand
ERP
5. Distribution Requirement Planning
Physical Distribution
DRP
The Micro Dimension
Major categories of metrics
6. 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
CPFR
Common Culture
Logistics Activities
Globalization Force
7. The management of the movement of materials and information within - into - and out of the firm
R's of Information
Transportation Management Issue
Logistics Management
DDP
8. Return on Assets.
ROA
Integrated Supply Chain
Factors Affecting Demand
Performance Categories
9. Warehouse Management System
Order Cycle Time
4PL
WMS
Physical Distribution
10. Reduced complexity - reduced product life cycle - more volatility - organizational structures frequently change.
Global Markets Characteristics
Forces Driving the Rate of Change
CFR
Military Logistics
11. Sales and Order Processing
S&OP
Supply Chain Network Issue
Supply Chain Security Issue
Cost/Value Issue
12. How firms in this industry create value for their commercial clients
ERP
CIF
Third Party Logistics Industry
3rd Party Logistics
13. 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
NAFTA
Outbound
Logistics Activities
Horizontal Relationships
14. Free Alongside Ship
FAS
Steps in implementing CRM
FOB
Logistics Activities
15. Delivered Duty Paid
MRP
Inventory
DDP
Technology Issue
16. Electrical Machinery - Power Generation Equipment
Top US exports to China
Technology Issue
Export Management Companies
Value Added Role of Logistics (5 types of utility)
17. North American Free Trade Agreement. Establishes free trade between US - Canada - and Mexico
NAFTA
FOB
Inbound
Inventory Deployment Issue
18. Analyze and evaluate on organizations efficiency over a time period.
TMS
Performance Measurement Issue
Vertical Relationship
Quantity Utility Definition
19. Procurement and Manufacturing - value adding activities
Forecasting
Air
Common Culture
Export Management Companies
20. Adding value to products by having them where people want them.
Supply Chain Definition
Place Utility Definition
Military Logistics
Dimensions of customer service
21. Time - Dependability - Communications - Convenience
ROA
Dimensions of customer service
Inventory Deployment Issue
ABC Activity-Based Costing
22. The ________ is associated with downstream activities.
Supply Chain Security Issue
Strategic Role of I.T.
Place Utility Definition
Supply Chain
23. Critical part of global supply chains
Military Logistics
Customer (7 R's of logistics)
Possession Utility
Ports
24. The most pervasive and important global shipment method. Low rates - wide variety of products
ABC Activity-Based Costing
Collaborative Example
Ocean
Types of Forecasts
25. Cost - Insurance - and Freight
Logistics Management
CIF
Arm's Length
CPFR
26. Both parties in a vendor relational are said to be at "arm's" length.
Performance Measurement Issue
Transactional Relationship
MRP
Logistics
27. The time that elapses from when a buyer places an order until receipt of the order
The Micro Dimension
WMS
CIF
Order Cycle Time
28. Customers trade partnership against terrorism
Third Party Logistics Industry
R's of Information
C-TPAT
3rd Party Logistics
29. Marketing - Manufacturing/operations - Finance - Accounting
The Micro Dimension
Balancing Supply/Demand
Cost/Value Issue
Transportation Management Issue
30. Right product - right time - right quantity - right quality - right cost - right destination
Types of Forecasts
Value Added Role of Logistics (5 types of utility)
Transportation Management Issue
3rd Party Logistics
31. Organizations require collaboration or cooperation.
Immutable Laws of Collaborative Logistics
Internal Society of Logistics
Supply Chain Relationship
Organizational Relationships Issue
32. Segment Customer Base - Identify the product service package - Develop and execute the best procedures - measure performance continuously
Global Markets Characteristics
Service Logistics
Steps in implementing CRM
3rd Party Logistics
33. 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
DDP
Export Management Companies
Form Utility Definition
34. 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
Two Phases of order mgmt.
The Micro Dimension
Logistics
35. Act as agents for domestic firms in the international arena.
Export Management Companies
Steps in implementing CRM
Utility(ies) associated with Logistics
ROA
36. 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 Production
Vertical Relationship
Military Logistics
Horizontal Relationships
37. Value added to goods through a manufacturing or assembly process.
Top US trading partners
FOB
Form Utility Definition
Utility(ies) associated with Marketing
38. 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
Organizational Relationships Issue
Technology Issue
Supply Chain Definition
39. Coordination and Integration can reduce the inventory level on horizontal and vertical levels in the SC. (the bullwhip effect [when inventory is duplicated])
Component Support
Inventory Deployment Issue
Types of 3PLs
S&OP
40. Simple moving average - Weighted Moving average - Exponential Smoothing - Adjusted Exponential Smoothing for Trend - Seasonal Influences
Types of Forecasts
Utility(ies) associated with Logistics
Technology Issue
DRP
41. Vendor
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42. Channel Satisfaction - Transaction Cost and Revenue - Logistics Operations - Logistics Service
Order Cycle Time
Top US imports from China
Categories of Logistics Quantification Pyramid
Immutable Laws of Collaborative Logistics
43. Measures cost and performance of activities.
Possession Utility
Council of Supply Chain Management
ABC Activity-Based Costing
Export Trading Companies
44. Networks - Complexity - Inventory Deployment - Information - Cost/Value - Organizational Relationships - Performance Measurement - Technology - Transportation Management - Supply Chain Security
Supply Chain Issues
Balancing Supply/Demand
Military Logistics
Order Cycle Time
45. The branch of military science having to do with procuring - maintaining - utility/value and transporting material - personnel - and facilities
Internal Society of Logistics
Types of 3PLs
ROA
Top US imports from China
46. Collaborative Planning - Forecasting - and Replenishment
Vertical Relationship
Business Logistics
Component Support
CPFR
47. Business agreements between firms that have "parallel" or cooperating positions in the logistics process.
Horizontal Relationships
Supply Chain Issues
Utility(ies) associated with Production
External Metrics
48. Producer to Store - servicing the customer
ERP
Air
Balancing Supply/Demand
Outbound
49. Efficiency (cost) and effectiveness (value). A challenge for SCs is the prevention of sub-optimization.
Air
Cost/Value Issue
Outbound
Technology Force
50. 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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