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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. 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.
Internal Society of Logistics
4PL
Technology Issue
Possession Utility
2. Providing time and place utility/value of materials and products in support of Functional management organization objectives.
Time Utility Definition
Balancing Supply/Demand
Inventory
Component Support
3. Efficiency (cost) and effectiveness (value). A challenge for SCs is the prevention of sub-optimization.
Cost/Value Issue
CIF
Top US trading partners
FAS
4. Networks - Complexity - Inventory Deployment - Information - Cost/Value - Organizational Relationships - Performance Measurement - Technology - Transportation Management - Supply Chain Security
Supply Chain Issues
Organizational Relationships Issue
Export Management Companies
Forecast Errors
5. The time that elapses from when a buyer places an order until receipt of the order
Order Cycle Time
Form Utility Definition
Military Logistics
C-TPAT
6. Represents an alternative that may imply even greater involvement than the partnership or strategic alliance
Complexity Issue
ABC Activity-Based Costing
Strategic Relationship
Value Added Role of Logistics (5 types of utility)
7. Marketing - Manufacturing/operations - Finance - Accounting
The Micro Dimension
Supply Chain Flows
Forces Driving the Rate of Change
Immutable Laws of Collaborative Logistics
8. Vendor
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9. Two or more business orgs cooperate and willingly modify their business objectives and practices to help achieve long-term goals.
Types of Forecasts
Logistics Activities
C-TPAT
Collaborative Relationship
10. Critical part of global supply chains
Order Cycle Time
Ports
Export Management Companies
Customer Service
11. Reduced complexity - reduced product life cycle - more volatility - organizational structures frequently change.
Utility(ies) associated with Marketing
Global Markets Characteristics
CIF
3rd Party Logistics
12. Influencing the order - order execution
MRP
Cost/Value Issue
Two Phases of order mgmt.
Global Markets Characteristics
13. Enterprise Resource Planning
ERP
Utility(ies) associated with Logistics
Performance Categories
Inventory Deployment Issue
14. An external supplier that performs all or part of a company's logistics functions.
3rd Party Logistics
Inventory Deployment Issue
Utility(ies) associated with Production
Forces Driving the Rate of Change
15. Enlightened - Educated - easy access to Internet
Empowered Customer Force
Event Logistics
Horizontal Relationships
ABC Activity-Based Costing
16. Organizations require collaboration or cooperation.
Component Support
Quantity Utility Definition
Organizational Relationships Issue
Dimensions of customer service
17. Influences product availability
Order Cycle Time
Information Issue
Top US exports to China
Inbound
18. Refer to the traditional linkages between firms in the supply chain such as retailers - distributors - manufacturers - and parts and materials suppliers
Technology Force
Logistics Activities
External Metrics
Vertical Relationship
19. Partner
Quantity Utility Definition
CFR
Collaborative Example
Types of 3PLs
20. Act as agents for domestic firms in the international arena.
Export Management Companies
Transactional Relationship
Supply Chain Security Issue
Physical Distribution
21. Form Utility
Place Utility Definition
CIF
Types of Forecasts
Utility(ies) associated with Production
22. The management of the movement of materials and information within - into - and out of the firm
Logistics Management
Performance Measurement Issue
Organizational Relationships Issue
Top US trading partners
23. Warehouse Management System
Empowered Customer Force
Complexity Issue
WMS
Customer (7 R's of logistics)
24. Electrical Machinery - Power Generation Equipment
Top US exports to China
Steps in implementing CRM
Global Markets Characteristics
Council of Supply Chain Management
25. Return on Assets.
ROA
Ports
Council of Supply Chain Management
S&OP
26. Materials Requirement Planning
Utility(ies) associated with Marketing
MRP
Motor
Supply Chain Security Issue
27. Processes for developing and implementing successful relationship
Top US exports to China
DDP
Strategic Role of I.T.
Supply Chain Relationship
28. Challenge is to evaluate and successfully implement the technology
CIF
Strategic Relationship
CRM Customer Relationship Management
Technology Issue
29. Cost and Freight
Third Party Logistics Industry
ERP
Dimensions of customer service
CFR
30. 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.
ERP
Supply Chain Security Issue
Military Logistics
Air
31. Form - Time - Place - Quantity - Possession
FOB
R's of Information
Business Logistics
Value Added Role of Logistics (5 types of utility)
32. Fast - high rate
ABC Activity-Based Costing
NAFTA
Air
Forecasting
33. Procurement and Manufacturing - value adding activities
Top US imports from China
Globalization Force
Arm's Length
Forecasting
34. Plays large part in intermodal shipments.
Utility(ies) associated with Logistics
Motor
Export Management Companies
Logistics Management
35. The ________ is associated with downstream activities.
Organizational Consolidation Force
Supply Chain
Performance Measurement Issue
Utility(ies) associated with Logistics
36. Measures cost and performance of activities.
Information Requirements
Export Trading Companies
ABC Activity-Based Costing
Utility(ies) associated with Marketing
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.
Supply Chain Definition
NAFTA
WMS
Information Issue
38. Producer to Store - servicing the customer
Outbound
Performance Categories
Transportation Management Issue
Utility(ies) associated with Marketing
39. Business agreements between firms that have "parallel" or cooperating positions in the logistics process.
Motor
Supply Chain Definition
Horizontal Relationships
Forecasting
40. 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
WMS
Vertical Relationship
Logistics Activities
Order Cycle Time
41. Possession Utility
Third Party Logistics Industry
Order Cycle Time
Immutable Laws of Collaborative Logistics
Utility(ies) associated with Marketing
42. Concern and potential challenge since 9/11. Must be prepared for terrorist attack.
Inventory Deployment Issue
Customer Service
Utility(ies) associated with Marketing
Supply Chain Security Issue
43. Reliability - Responsiveness - Flexibility - Cost - Assets
Supply Chain Network Issue
Major categories of metrics
Council of Supply Chain Management
Utility(ies) associated with Marketing
44. Both parties in a vendor relational are said to be at "arm's" length.
Third Party Logistics Industry
Military Logistics
Transactional Relationship
Outbound
45. Delivered Duty Paid
Steps in implementing CRM
DDP
Forecast Errors
Globalization Force
46. Channel Satisfaction - Transaction Cost and Revenue - Logistics Operations - Logistics Service
Categories of Logistics Quantification Pyramid
ROA
Types of Forecasts
Business Logistics
47. CFE - MSE - MAD - MAPE
Empowered Customer Force
Globalization Force
Forecast Errors
Supply Chain Network Issue
48. Simple moving average - Weighted Moving average - Exponential Smoothing - Adjusted Exponential Smoothing for Trend - Seasonal Influences
Export Trading Companies
Types of Forecasts
Military Logistics
MRP
49. Canada - China - Mexico
Freight Forwarder
Third Party Logistics Industry
Top US trading partners
Inbound
50. 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).
Event Logistics
External Metrics
Collaborative Example
Supply Chain Network Issue