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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. Growth to a global or worldwide scale. Important Issues in a SC: More volatile supply and demand - shorter product lifetimes - blurring of organizational boundaries.
Ocean
CPFR
Government Regulations and Policy Force
Globalization Force
2. Value added by delivering the proper amount of a good.
Top US imports from China
Categories of Logistics Quantification Pyramid
Quantity Utility Definition
WMS
3. Coordination and Integration can reduce the inventory level on horizontal and vertical levels in the SC. (the bullwhip effect [when inventory is duplicated])
Inventory Deployment Issue
Top US exports to China
Utility(ies) associated with Marketing
Technology Issue
4. Vendor
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5. The ________ is associated with downstream activities.
Supply Chain
Logistics Management
Strategic Example
Balancing Supply/Demand
6. Simple moving average - Weighted Moving average - Exponential Smoothing - Adjusted Exponential Smoothing for Trend - Seasonal Influences
Types of Forecasts
ABC Activity-Based Costing
Strategic Relationship
Supply Chain Issues
7. Time - Quality - Cost - Supporting Metrics
Performance Categories
Inbound
S&OP
Major categories of metrics
8. 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
TMS
Logistics Management
Performance Categories
9. 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
Possession Utility
3rd Party Logistics
Strategic Role of I.T.
Value Added Role of Logistics (5 types of utility)
10. Networks - Complexity - Inventory Deployment - Information - Cost/Value - Organizational Relationships - Performance Measurement - Technology - Transportation Management - Supply Chain Security
Ocean
Supply Chain Issues
Customer (7 R's of logistics)
Logistics Management
11. 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
Strategic Relationship
Forecast Errors
TMS
Common Culture
12. Globalization - Technology - Organizational Consolidation - Empowered Customer - Government Policy and Regulation
Cost/Value Issue
Utility(ies) associated with Logistics
Forces Driving the Rate of Change
Third Party Logistics Industry
13. Processes for developing and implementing successful relationship
Organizational Relationships Issue
Government Regulations and Policy Force
Supply Chain Relationship
Top US exports to China
14. Anything that touches the customer
Categories of Logistics Quantification Pyramid
Supply Chain Definition
Transactional Relationship
Customer Service
15. Providing time and place utility/value of materials and products in support of Functional management organization objectives.
WMS
Categories of Logistics Quantification Pyramid
Supply Chain Definition
Component Support
16. Supplies expertise to international shippers. Consolidate small shipments. Derives income from fees for service.
Top US exports to China
Cost/Value Issue
Freight Forwarder
Top US imports from China
17. Electrical Machinery - Power Generation Equipment.
Collaborative Example
Forecast Errors
Event Logistics
Top US imports from China
18. Cost and Freight
Organizational Relationships Issue
Technology Force
CFR
Transportation Management Issue
19. 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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20. Value added to goods through a manufacturing or assembly process.
Internal Society of Logistics
Value Added Role of Logistics (5 types of utility)
Globalization Force
Form Utility Definition
21. Order Fill Rate - Perfect Order
Technology Issue
Information Issue
Top US imports from China
External Metrics
22. Focuses on the outbound side of of a firm's logistics system.
Immutable Laws of Collaborative Logistics
CRM Customer Relationship Management
Physical Distribution
Event Logistics
23. 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).
Global Markets Characteristics
Event Logistics
Collaborative Relationship
Globalization Force
24. Strategically positioning customers to improve the profitability of the organization and enhance its relationship with its customer base
CRM Customer Relationship Management
Time Utility Definition
Physical Distribution
Service Logistics
25. The dual flow of Product/Services - Information - and Finances across the suppliers - distributors - manufacturers - wholesalers - and customers.
Integrated Supply Chain
C-TPAT
DDP
Types of Forecasts
26. 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
C-TPAT
Logistics Activities
Categories of Logistics Quantification Pyramid
Organizational Relationships Issue
27. The management of the movement of materials and information within - into - and out of the firm
Transportation Management Issue
Military Logistics
R's of Information
Logistics Management
28. 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.
Council of Supply Chain Management
Globalization Force
Customer (7 R's of logistics)
CPFR
29. The time that elapses from when a buyer places an order until receipt of the order
Order Cycle Time
Military Logistics
NAFTA
Strategic Relationship
30. Both parties in a vendor relational are said to be at "arm's" length.
Transactional Relationship
Third Party Logistics Industry
Strategic Relationship
Types of 3PLs
31. Business Logistics - Military Logistics - Event Logistics - Service Logistics
Four Subdivisions of Logistics
Horizontal Relationships
Quantity Utility Definition
Possession Utility
32. Item Fill Rate - Line Fill Rate
Balancing Supply/Demand
Supply Chain Security Issue
Inbound
Internal Metrics
33. Channel Satisfaction - Transaction Cost and Revenue - Logistics Operations - Logistics Service
Supply Chain
Air
Supply Chain Flows
Categories of Logistics Quantification Pyramid
34. Sales and Order Processing
Organizational Relationships Issue
DRP
S&OP
Steps in implementing CRM
35. Marketing - Manufacturing/operations - Finance - Accounting
ERP
The Micro Dimension
CPFR
Government Regulations and Policy Force
36. Deregulation: Transportation - Communications - and Financial Institutions
Government Regulations and Policy Force
Third Party Logistics Industry
External Metrics
Supply Chain
37. Producer to Store - servicing the customer
Utility(ies) associated with Production
Outbound
Information Issue
Forecast Errors
38. Point-of-sale(POS); Collaborative planning - forecasting - and replenishment(CPFR); Vendor-managed inventory (VMI)
CPFR
Organizational Consolidation Force
Strategic Role of I.T.
The Micro Dimension
39. Increased complexity for organizations (from SKUs to trade regulations) is a problem. Organizations should simplify.
Order Cycle Time
Four Subdivisions of Logistics
Complexity Issue
The Micro Dimension
40. Export goods and services to overseas buyers and handles most of the export arrangements.
Logistics
Export Trading Companies
Third Party Logistics Industry
Service Logistics
41. Return on Assets.
ERP
Balancing Supply/Demand
ROA
Air
42. Partner
Internal Society of Logistics
Collaborative Example
ERP
Event Logistics
43. The branch of military science having to do with procuring - maintaining - utility/value and transporting material - personnel - and facilities
Common Culture
Categories of Logistics Quantification Pyramid
Collaborative Example
Internal Society of Logistics
44. Right product - right time - right quantity - right quality - right cost - right destination
CIF
Supply Chain
Utility(ies) associated with Production
Transportation Management Issue
45. How firms in this industry create value for their commercial clients
Two Phases of order mgmt.
Government Regulations and Policy Force
Third Party Logistics Industry
Globalization Force
46. 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.
Categories of Logistics Quantification Pyramid
Order Cycle Time
4PL
Quantity Utility Definition
47. Relevant - Accurate - Accessible - Timely - Transferable
C-TPAT
Inventory Deployment Issue
ABC Activity-Based Costing
Information Requirements
48. Time - Dependability - Communications - Convenience
CRM Customer Relationship Management
Utility(ies) associated with Marketing
Dimensions of customer service
CIF
49. Refer to the traditional linkages between firms in the supply chain such as retailers - distributors - manufacturers - and parts and materials suppliers
Complexity Issue
Vertical Relationship
Inbound
Transportation Management Issue
50. Form - Time - Place - Quantity - Possession
Cost/Value Issue
Supply Chain Relationship
Value Added Role of Logistics (5 types of utility)
Supply Chain Flows