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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. Measures cost and performance of activities.
ABC Activity-Based Costing
Supply Chain Issues
Arm's Length
Government Regulations and Policy Force
2. Simple moving average - Weighted Moving average - Exponential Smoothing - Adjusted Exponential Smoothing for Trend - Seasonal Influences
Types of Forecasts
Supply Chain Issues
Technology Force
Form Utility Definition
3. Analyze and evaluate on organizations efficiency over a time period.
Value Added Role of Logistics (5 types of utility)
Event Logistics
ROA
Performance Measurement Issue
4. Warehouse Management System
Cost/Value Issue
Supply Chain
Value Added Role of Logistics (5 types of utility)
WMS
5. 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.
Council of Supply Chain Management
Quantity Utility Definition
Military Logistics
Organizational Relationships Issue
6. North American Free Trade Agreement. Establishes free trade between US - Canada - and Mexico
CFR
Arm's Length
Outbound
NAFTA
7. Both parties in a vendor relational are said to be at "arm's" length.
Physical Distribution
Transactional Relationship
Supply Chain Network Issue
4PL
8. 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 Relationship
Factors Affecting Demand
Freight Forwarder
Strategic Role of I.T.
9. Enterprise Resource Planning
Physical Distribution
Forecast Errors
ERP
Categories of Logistics Quantification Pyramid
10. 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
Military Logistics
Transportation Management Issue
Performance Measurement Issue
11. Influencing the order - order execution
Ocean
Internal Society of Logistics
Categories of Logistics Quantification Pyramid
Two Phases of order mgmt.
12. Materials Requirement Planning
MRP
Utility(ies) associated with Marketing
Logistics
Possession Utility
13. Cost and Freight
Arm's Length
Business Logistics
Utility(ies) associated with Logistics
CFR
14. Business agreements between firms that have "parallel" or cooperating positions in the logistics process.
Types of Forecasts
Supply Chain Relationship
Horizontal Relationships
Information Requirements
15. Challenge is to evaluate and successfully implement the technology
Forecasting
Customer (7 R's of logistics)
ABC Activity-Based Costing
Technology Issue
16. Return on Assets.
Information Issue
Top US imports from China
C-TPAT
ROA
17. Adding value to products by having them where people want them.
Collaborative Example
Third Party Logistics Industry
Place Utility Definition
NAFTA
18. Marketing - Manufacturing/operations - Finance - Accounting
The Micro Dimension
Component Support
R's of Information
Categories of Logistics Quantification Pyramid
19. Reduced complexity - reduced product life cycle - more volatility - organizational structures frequently change.
External Metrics
CIF
Forces Driving the Rate of Change
Global Markets Characteristics
20. Fast - high rate
Air
Major categories of metrics
Inventory
Time Utility Definition
21. Procurement and Manufacturing - value adding activities
Value Added Role of Logistics (5 types of utility)
Inbound
Forecasting
Global Markets Characteristics
22. Relevant - Accurate - Accessible - Timely - Transferable
Information Requirements
Freight Forwarder
External Metrics
Logistics Management
23. 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
Complexity Issue
Types of Forecasts
Business Logistics
Physical Distribution
24. Customers trade partnership against terrorism
Steps in implementing CRM
ABC Activity-Based Costing
C-TPAT
Arm's Length
25. Anything that touches the customer
The Micro Dimension
TMS
Inventory
Customer Service
26. Represents an alternative that may imply even greater involvement than the partnership or strategic alliance
Order Cycle Time
Strategic Relationship
Supply Chain Issues
Balancing Supply/Demand
27. Coordination and Integration can reduce the inventory level on horizontal and vertical levels in the SC. (the bullwhip effect [when inventory is duplicated])
MRP
Order Cycle Time
Inventory Deployment Issue
Types of 3PLs
28. Time - Dependability - Communications - Convenience
Dimensions of customer service
Air
Forces Driving the Rate of Change
Form Utility Definition
29. Item Fill Rate - Line Fill Rate
Supply Chain Relationship
Internal Metrics
Information Issue
CFR
30. Networks - Complexity - Inventory Deployment - Information - Cost/Value - Organizational Relationships - Performance Measurement - Technology - Transportation Management - Supply Chain Security
Inbound
Strategic Example
Supply Chain Issues
Freight Forwarder
31. Channel Satisfaction - Transaction Cost and Revenue - Logistics Operations - Logistics Service
Categories of Logistics Quantification Pyramid
Supply Chain Issues
Technology Issue
Service Logistics
32. Free Alongside Ship
3rd Party Logistics
Information Requirements
Supply Chain Definition
FAS
33. Free On Board
FOB
Logistics Activities
Supply Chain Definition
Types of Forecasts
34. Producer to Store - servicing the customer
Top US imports from China
Outbound
NAFTA
Inventory Deployment Issue
35. Deregulation: Transportation - Communications - and Financial Institutions
Inbound
Ports
Government Regulations and Policy Force
TMS
36. Management of Product/Service - Information - and Cash Flows.
Strategic Example
Logistics Management
The Micro Dimension
Supply Chain Definition
37. Value added to goods through a manufacturing or assembly process.
Supply Chain Flows
Export Management Companies
Form Utility Definition
CFR
38. Time Utility - Place Utility - Quantity Utility
Value Added Role of Logistics (5 types of utility)
Top US trading partners
Utility(ies) associated with Logistics
WMS
39. Influences product availability
TMS
Supply Chain Network Issue
Order Cycle Time
CFR
40. Sales and Order Processing
S&OP
Forecast Errors
Empowered Customer Force
Component Support
41. Vendor
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42. Point-of-sale(POS); Collaborative planning - forecasting - and replenishment(CPFR); Vendor-managed inventory (VMI)
Customer Service
NAFTA
Organizational Consolidation Force
Form Utility Definition
43. Collaborative Planning - Forecasting - and Replenishment
Inventory
CPFR
Business Logistics
Top US exports to China
44. The time that elapses from when a buyer places an order until receipt of the order
Order Cycle Time
Export Management Companies
Value Added Role of Logistics (5 types of utility)
Horizontal Relationships
45. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.
Technology Force
Supply Chain Network Issue
Utility(ies) associated with Production
Arm's Length
46. Electrical Machinery - Power Generation Equipment.
Performance Categories
Integrated Supply Chain
Organizational Relationships Issue
Top US imports from China
47. Increased complexity for organizations (from SKUs to trade regulations) is a problem. Organizations should simplify.
Military Logistics
Inventory Deployment Issue
R's of Information
Complexity Issue
48. The management of the movement of materials and information within - into - and out of the firm
Collaborative Example
Internal Metrics
Transportation Management Issue
Logistics Management
49. Right: information - partner - quantity - format - time - place - cost
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50. How firms in this industry create value for their commercial clients
Supply Chain Issues
FOB
Third Party Logistics Industry
Customer Service