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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. Anything that touches the customer
Inventory
Ports
Customer Service
Performance Measurement Issue
2. Return on Assets.
DDP
ROA
Order Cycle Time
FOB
3. Electrical Machinery - Power Generation Equipment
Performance Measurement Issue
Arm's Length
Military Logistics
Top US exports to China
4. Channel Satisfaction - Transaction Cost and Revenue - Logistics Operations - Logistics Service
Categories of Logistics Quantification Pyramid
Physical Distribution
WMS
Export Trading Companies
5. Form - Time - Place - Quantity - Possession
Value Added Role of Logistics (5 types of utility)
C-TPAT
Customer (7 R's of logistics)
Physical Distribution
6. Item Fill Rate - Line Fill Rate
Four Subdivisions of Logistics
Strategic Relationship
Supply Chain Issues
Internal Metrics
7. Value added by delivering the proper amount of a good.
Value Added Role of Logistics (5 types of utility)
Quantity Utility Definition
Major categories of metrics
Forces Driving the Rate of Change
8. Primarily created through the basic marketing activities related to the promotion of products and services -
FOB
Performance Measurement Issue
Factors Affecting Demand
Possession Utility
9. Relevant - Accurate - Accessible - Timely - Transferable
Information Requirements
Physical Distribution
Integrated Supply Chain
Types of Forecasts
10. Refer to the traditional linkages between firms in the supply chain such as retailers - distributors - manufacturers - and parts and materials suppliers
Global Markets Characteristics
Motor
Collaborative Example
Vertical Relationship
11. Transportation Management System
Inventory
Form Utility Definition
Order Cycle Time
TMS
12. External - Balancing - Price & Lead Time - Internal - Internal Balancing & Inventory/Production flexibility
Cost/Value Issue
Utility(ies) associated with Marketing
Balancing Supply/Demand
Place Utility Definition
13. 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
Motor
Immutable Laws of Collaborative Logistics
Performance Categories
Technology Force
14. 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
Types of Forecasts
Categories of Logistics Quantification Pyramid
Global Markets Characteristics
Logistics Activities
15. The dual flow of Product/Services - Information - and Finances across the suppliers - distributors - manufacturers - wholesalers - and customers.
Supply Chain Definition
Integrated Supply Chain
Place Utility Definition
Internal Metrics
16. The branch of military science having to do with procuring - maintaining - utility/value and transporting material - personnel - and facilities
Technology Issue
Organizational Relationships Issue
Inbound
Internal Society of Logistics
17. Procurement and Manufacturing - value adding activities
Globalization Force
Balancing Supply/Demand
Military Logistics
Inbound
18. Time - Dependability - Communications - Convenience
The Micro Dimension
Supply Chain Definition
Dimensions of customer service
Collaborative Example
19. Act as agents for domestic firms in the international arena.
Time Utility Definition
Ports
C-TPAT
Export Management Companies
20. Concern and potential challenge since 9/11. Must be prepared for terrorist attack.
ERP
Supply Chain Security Issue
The Micro Dimension
Third Party Logistics Industry
21. 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.
Service Logistics
Physical Distribution
Information Issue
Supply Chain
22. Business Logistics - Military Logistics - Event Logistics - Service Logistics
Dimensions of customer service
Four Subdivisions of Logistics
The Micro Dimension
Military Logistics
23. Procurement and Manufacturing - value adding activities
Forecasting
Supply Chain
Value Added Role of Logistics (5 types of utility)
Place Utility Definition
24. Growth to a global or worldwide scale. Important Issues in a SC: More volatile supply and demand - shorter product lifetimes - blurring of organizational boundaries.
Types of 3PLs
Vertical Relationship
Utility(ies) associated with Production
Globalization Force
25. Cost and Freight
CFR
Logistics
Top US exports to China
Third Party Logistics Industry
26. Reliability - Responsiveness - Flexibility - Cost - Assets
Major categories of metrics
Utility(ies) associated with Marketing
Export Management Companies
Outbound
27. Networks - Complexity - Inventory Deployment - Information - Cost/Value - Organizational Relationships - Performance Measurement - Technology - Transportation Management - Supply Chain Security
Internal Society of Logistics
Supply Chain Issues
C-TPAT
Possession Utility
28. Cost - Insurance - and Freight
ROA
FAS
Logistics Activities
CIF
29. Vendor
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30. Enlightened - Educated - easy access to Internet
ERP
Empowered Customer Force
Customer (7 R's of logistics)
Inbound
31. Delivered Duty Paid
DDP
Types of 3PLs
Order Cycle Time
Physical Distribution
32. Two or more business orgs cooperate and willingly modify their business objectives and practices to help achieve long-term goals.
Collaborative Relationship
Motor
Cost/Value Issue
Strategic Role of I.T.
33. The ________ is associated with downstream activities.
Information Issue
Supply Chain
Council of Supply Chain Management
Freight Forwarder
34. 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).
Third Party Logistics Industry
Event Logistics
Customer (7 R's of logistics)
Supply Chain
35. Product/Service - Information - Finance
Component Support
Categories of Logistics Quantification Pyramid
Supply Chain Flows
Customer (7 R's of logistics)
36. Adding value to products by having them where people want them.
Strategic Relationship
Place Utility Definition
Horizontal Relationships
Order Cycle Time
37. Canada - China - Mexico
Customer Service
Top US trading partners
Collaborative Relationship
Air
38. Management of Product/Service - Information - and Cash Flows.
Supply Chain Definition
Event Logistics
Service Logistics
Global Markets Characteristics
39. Processes for developing and implementing successful relationship
Internal Metrics
Transactional Relationship
Form Utility Definition
Supply Chain Relationship
40. The management of the movement of materials and information within - into - and out of the firm
Organizational Relationships Issue
Types of Forecasts
Logistics Management
Four Subdivisions of Logistics
41. Acquisition - scheduling and management of the facilities/ assets - personnel and materials to support and sustain a service operation or business.
Collaborative Relationship
Service Logistics
FOB
Top US exports to China
42. Coordination and Integration can reduce the inventory level on horizontal and vertical levels in the SC. (the bullwhip effect [when inventory is duplicated])
Physical Distribution
Supply Chain Security Issue
Inventory Deployment Issue
Outbound
43. Adding value to products by making them available when they're needed.
Cost/Value Issue
Types of 3PLs
NAFTA
Time Utility Definition
44. Influences product availability
Order Cycle Time
Dimensions of customer service
Integrated Supply Chain
Logistics
45. Plays large part in intermodal shipments.
Utility(ies) associated with Production
Supply Chain Relationship
Motor
Organizational Consolidation Force
46. Getting the Right Things to the Right Place at the Right Time at the lowest cost.
Integrated Supply Chain
Globalization Force
Supply Chain Issues
Logistics
47. Value added to goods through a manufacturing or assembly process.
Form Utility Definition
Motor
Technology Issue
NAFTA
48. Materials Requirement Planning
CPFR
Major categories of metrics
MRP
Customer (7 R's of logistics)
49. An external supplier that performs all or part of a company's logistics functions.
3rd Party Logistics
Supply Chain Relationship
Inbound
Supply Chain
50. Focuses on the outbound side of of a firm's logistics system.
Organizational Relationships Issue
Physical Distribution
FAS
Order Cycle Time