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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. Analyze and evaluate on organizations efficiency over a time period.
Export Trading Companies
Supply Chain
Performance Measurement Issue
Third Party Logistics Industry
2. Electrical Machinery - Power Generation Equipment.
NAFTA
Top US imports from China
Outbound
Quantity Utility Definition
3. Anything that touches the customer
Customer Service
Major categories of metrics
Supply Chain Security Issue
Place Utility Definition
4. Free Alongside Ship
Dimensions of customer service
FAS
Event Logistics
DDP
5. 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.
Top US exports to China
4PL
Time Utility Definition
Forecast Errors
6. CFE - MSE - MAD - MAPE
Customer (7 R's of logistics)
ABC Activity-Based Costing
Collaborative Example
Forecast Errors
7. Simple moving average - Weighted Moving average - Exponential Smoothing - Adjusted Exponential Smoothing for Trend - Seasonal Influences
Export Management Companies
Event Logistics
Horizontal Relationships
Types of Forecasts
8. Sales and Order Processing
Empowered Customer Force
Collaborative Example
Two Phases of order mgmt.
S&OP
9. Return on Assets.
WMS
Supply Chain Flows
Information Issue
ROA
10. 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).
CFR
Air
Event Logistics
Organizational Consolidation Force
11. 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.
Internal Metrics
Council of Supply Chain Management
C-TPAT
Customer (7 R's of logistics)
12. Supplies expertise to international shippers. Consolidate small shipments. Derives income from fees for service.
Freight Forwarder
Inventory
Dimensions of customer service
Collaborative Relationship
13. Random Variation - Trend - Seasonal Patterns - Normal Business Cycle
CRM Customer Relationship Management
Factors Affecting Demand
ROA
Time Utility Definition
14. Challenge is to evaluate and successfully implement the technology
Forecasting
Value Added Role of Logistics (5 types of utility)
Technology Issue
Forecast Errors
15. Cost and Freight
S&OP
CFR
Logistics
Information Requirements
16. 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
Council of Supply Chain Management
Organizational Consolidation Force
Immutable Laws of Collaborative Logistics
Top US trading partners
17. Warehouse Management System
ROA
Types of 3PLs
WMS
Supply Chain
18. 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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19. Procurement and Manufacturing - value adding activities
Integrated Supply Chain
Major categories of metrics
FAS
Forecasting
20. Business agreements between firms that have "parallel" or cooperating positions in the logistics process.
Ports
Supply Chain Definition
Horizontal Relationships
Motor
21. Enterprise Resource Planning
Supply Chain Network Issue
Performance Measurement Issue
Supply Chain Issues
ERP
22. Segment Customer Base - Identify the product service package - Develop and execute the best procedures - measure performance continuously
Categories of Logistics Quantification Pyramid
Technology Issue
Steps in implementing CRM
FAS
23. Getting the Right Things to the Right Place at the Right Time at the lowest cost.
Inventory
Government Regulations and Policy Force
Logistics
Strategic Role of I.T.
24. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.
Steps in implementing CRM
Technology Force
Forecast Errors
Business Logistics
25. The most pervasive and important global shipment method. Low rates - wide variety of products
S&OP
Ocean
Globalization Force
Inventory
26. Customers trade partnership against terrorism
Forces Driving the Rate of Change
C-TPAT
Export Trading Companies
Inventory Deployment Issue
27. Collaborative Planning - Forecasting - and Replenishment
ABC Activity-Based Costing
CPFR
Form Utility Definition
Order Cycle Time
28. External - Balancing - Price & Lead Time - Internal - Internal Balancing & Inventory/Production flexibility
Horizontal Relationships
Balancing Supply/Demand
Complexity Issue
Collaborative Relationship
29. Strategically positioning customers to improve the profitability of the organization and enhance its relationship with its customer base
Organizational Relationships Issue
CRM Customer Relationship Management
Empowered Customer Force
Ocean
30. Both parties in a vendor relational are said to be at "arm's" length.
FOB
Transactional Relationship
Empowered Customer Force
Top US imports from China
31. Acquisition - scheduling and management of the facilities/ assets - personnel and materials to support and sustain a service operation or business.
Service Logistics
S&OP
Globalization Force
Four Subdivisions of Logistics
32. Partner
Collaborative Example
Supply Chain Relationship
Ports
Immutable Laws of Collaborative Logistics
33. Marketing - Manufacturing/operations - Finance - Accounting
Top US trading partners
Outbound
The Micro Dimension
Supply Chain Issues
34. Measures cost and performance of activities.
Top US imports from China
ABC Activity-Based Costing
Vertical Relationship
Organizational Relationships Issue
35. Distribution Requirement Planning
DRP
Forecast Errors
TMS
Global Markets Characteristics
36. The dual flow of Product/Services - Information - and Finances across the suppliers - distributors - manufacturers - wholesalers - and customers.
Component Support
Transportation Management Issue
Integrated Supply Chain
Information Issue
37. The ________ is associated with downstream activities.
Supply Chain
Logistics Activities
WMS
Logistics
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.
Information Issue
Possession Utility
Steps in implementing CRM
Common Culture
39. The management of the movement of materials and information within - into - and out of the firm
Utility(ies) associated with Logistics
ERP
Logistics Management
Place Utility Definition
40. Electrical Machinery - Power Generation Equipment
Top US exports to China
Common Culture
Inventory Deployment Issue
Strategic Role of I.T.
41. Deregulation: Transportation - Communications - and Financial Institutions
Information Requirements
Horizontal Relationships
Supply Chain Security Issue
Government Regulations and Policy Force
42. Transportation-based - Warehouse/distribution-based - Forwarder-based - Shipper/management-based - Financial-based - Information-based firms
Types of 3PLs
Organizational Consolidation Force
Form Utility Definition
Utility(ies) associated with Logistics
43. The time that elapses from when a buyer places an order until receipt of the order
Logistics Management
S&OP
Order Cycle Time
Outbound
44. Business Logistics - Military Logistics - Event Logistics - Service Logistics
Four Subdivisions of Logistics
CRM Customer Relationship Management
Service Logistics
External Metrics
45. Strategic Alliance
Strategic Example
Horizontal Relationships
Strategic Role of I.T.
Empowered Customer Force
46. Management of Product/Service - Information - and Cash Flows.
MRP
Strategic Relationship
Four Subdivisions of Logistics
Supply Chain Definition
47. Producer to Store - servicing the customer
Order Cycle Time
Outbound
3rd Party Logistics
Internal Metrics
48. Delivered Duty Paid
DDP
Export Management Companies
Top US imports from China
Military Logistics
49. Possession Utility
Utility(ies) associated with Marketing
Top US imports from China
Physical Distribution
Two Phases of order mgmt.
50. Reliability - Responsiveness - Flexibility - Cost - Assets
Supply Chain
ABC Activity-Based Costing
Major categories of metrics
Utility(ies) associated with Logistics