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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. Right product - right time - right quantity - right quality - right cost - right destination
Transportation Management Issue
Ports
Supply Chain Relationship
Information Requirements
2. Materials Requirement Planning
R's of Information
CIF
Major categories of metrics
MRP
3. 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.
4PL
Dimensions of customer service
Common Culture
Utility(ies) associated with Logistics
4. Reliability - Responsiveness - Flexibility - Cost - Assets
Cost/Value Issue
Technology Force
Supply Chain Security Issue
Major categories of metrics
5. Segment Customer Base - Identify the product service package - Develop and execute the best procedures - measure performance continuously
Collaborative Relationship
Supply Chain Security Issue
Steps in implementing CRM
ROA
6. Relevant - Accurate - Accessible - Timely - Transferable
Inventory Deployment Issue
Types of Forecasts
Information Requirements
Time Utility Definition
7. Organizations require collaboration or cooperation.
Organizational Relationships Issue
Council of Supply Chain Management
The Micro Dimension
R's of Information
8. Management of materials in motion and at rest.
The Micro Dimension
Steps in implementing CRM
3rd Party Logistics
Inventory
9. Collaborative Planning - Forecasting - and Replenishment
Strategic Example
MRP
CPFR
Information Issue
10. North American Free Trade Agreement. Establishes free trade between US - Canada - and Mexico
TMS
Logistics Activities
NAFTA
R's of Information
11. Electrical Machinery - Power Generation Equipment
Logistics Management
Inbound
Immutable Laws of Collaborative Logistics
Top US exports to China
12. Refer to the traditional linkages between firms in the supply chain such as retailers - distributors - manufacturers - and parts and materials suppliers
Arm's Length
NAFTA
Vertical Relationship
Quantity Utility Definition
13. Growth to a global or worldwide scale. Important Issues in a SC: More volatile supply and demand - shorter product lifetimes - blurring of organizational boundaries.
Supply Chain Security Issue
Globalization Force
Transportation Management Issue
Dimensions of customer service
14. Increased complexity for organizations (from SKUs to trade regulations) is a problem. Organizations should simplify.
WMS
Logistics Management
Third Party Logistics Industry
Complexity Issue
15. Customers trade partnership against terrorism
C-TPAT
Technology Issue
3rd Party Logistics
Freight Forwarder
16. Challenge is to evaluate and successfully implement the technology
Technology Issue
Third Party Logistics Industry
Logistics
CFR
17. Primarily created through the basic marketing activities related to the promotion of products and services -
Export Trading Companies
Form Utility Definition
Possession Utility
Technology Force
18. The time that elapses from when a buyer places an order until receipt of the order
Internal Society of Logistics
Physical Distribution
Order Cycle Time
S&OP
19. Both parties in a vendor relational are said to be at "arm's" length.
Customer Service
Inbound
Transactional Relationship
Supply Chain Relationship
20. Influences product availability
Time Utility Definition
Internal Metrics
Collaborative Example
Order Cycle Time
21. Transportation-based - Warehouse/distribution-based - Forwarder-based - Shipper/management-based - Financial-based - Information-based firms
4PL
Strategic Relationship
Ports
Types of 3PLs
22. Right: information - partner - quantity - format - time - place - cost
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23. Deregulation: Transportation - Communications - and Financial Institutions
Order Cycle Time
Government Regulations and Policy Force
Balancing Supply/Demand
Global Markets Characteristics
24. Channel Satisfaction - Transaction Cost and Revenue - Logistics Operations - Logistics Service
Cost/Value Issue
Categories of Logistics Quantification Pyramid
Top US exports to China
The Micro Dimension
25. Free Alongside Ship
NAFTA
FAS
3rd Party Logistics
Factors Affecting Demand
26. Warehouse Management System
Military Logistics
CRM Customer Relationship Management
S&OP
WMS
27. Providing time and place utility/value of materials and products in support of Functional management organization objectives.
The Micro Dimension
Component Support
Third Party Logistics Industry
Export Trading Companies
28. Concern and potential challenge since 9/11. Must be prepared for terrorist attack.
Possession Utility
3rd Party Logistics
Supply Chain Security Issue
Third Party Logistics Industry
29. Networks - Complexity - Inventory Deployment - Information - Cost/Value - Organizational Relationships - Performance Measurement - Technology - Transportation Management - Supply Chain Security
Supply Chain Issues
4PL
Transactional Relationship
Supply Chain Security Issue
30. Time Utility - Place Utility - Quantity Utility
WMS
Utility(ies) associated with Production
Utility(ies) associated with Logistics
Steps in implementing CRM
31. Time - Quality - Cost - Supporting Metrics
Inbound
FAS
Performance Categories
Technology Issue
32. An external supplier that performs all or part of a company's logistics functions.
Ocean
3rd Party Logistics
Council of Supply Chain Management
Forces Driving the Rate of Change
33. How firms in this industry create value for their commercial clients
Air
Third Party Logistics Industry
Types of 3PLs
Customer Service
34. Two or more business orgs cooperate and willingly modify their business objectives and practices to help achieve long-term goals.
Time Utility Definition
Collaborative Relationship
Supply Chain Relationship
CPFR
35. Random Variation - Trend - Seasonal Patterns - Normal Business Cycle
Factors Affecting Demand
Utility(ies) associated with Marketing
Types of Forecasts
Ports
36. Management of Product/Service - Information - and Cash Flows.
Government Regulations and Policy Force
Strategic Relationship
Supply Chain Definition
Factors Affecting Demand
37. 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.
Place Utility Definition
Quantity Utility Definition
Information Issue
Categories of Logistics Quantification Pyramid
38. Critical part of global supply chains
Motor
Quantity Utility Definition
Ports
Information Issue
39. Sales and Order Processing
S&OP
3rd Party Logistics
FAS
Inbound
40. Measures cost and performance of activities.
3rd Party Logistics
ABC Activity-Based Costing
Supply Chain
Time Utility Definition
41. Simple moving average - Weighted Moving average - Exponential Smoothing - Adjusted Exponential Smoothing for Trend - Seasonal Influences
Supply Chain Issues
CFR
Types of Forecasts
Forecasting
42. Coordination and Integration can reduce the inventory level on horizontal and vertical levels in the SC. (the bullwhip effect [when inventory is duplicated])
Outbound
Inventory Deployment Issue
WMS
Collaborative Example
43. 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 Role of I.T.
ERP
Strategic Relationship
Supply Chain Network Issue
44. 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
Business Logistics
CRM Customer Relationship Management
CFR
45. Return on Assets.
DDP
ROA
Categories of Logistics Quantification Pyramid
Top US trading partners
46. Electrical Machinery - Power Generation Equipment.
Internal Society of Logistics
Freight Forwarder
WMS
Top US imports from China
47. Procurement and Manufacturing - value adding activities
Time Utility Definition
Forecasting
Ports
Customer (7 R's of logistics)
48. Procurement and Manufacturing - value adding activities
Cost/Value Issue
Major categories of metrics
Inbound
Empowered Customer Force
49. 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
Logistics Activities
Strategic Role of I.T.
3rd Party Logistics
Forces Driving the Rate of Change
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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