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Test your basic knowledge |
Business Logistics Management
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Subject
:
business-skills
Instructions:
Answer 50 questions in 15 minutes.
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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. Value added by delivering the proper amount of a good.
Council of Supply Chain Management
Air
Organizational Relationships Issue
Quantity Utility Definition
2. Challenge is to evaluate and successfully implement the technology
Utility(ies) associated with Production
Physical Distribution
Strategic Example
Technology Issue
3. Random Variation - Trend - Seasonal Patterns - Normal Business Cycle
Types of Forecasts
Global Markets Characteristics
The Micro Dimension
Factors Affecting Demand
4. Electrical Machinery - Power Generation Equipment
Top US exports to China
Organizational Consolidation Force
Integrated Supply Chain
The Micro Dimension
5. Transportation-based - Warehouse/distribution-based - Forwarder-based - Shipper/management-based - Financial-based - Information-based firms
Cost/Value Issue
Performance Measurement Issue
Types of 3PLs
Inventory Deployment Issue
6. Delivered Duty Paid
Supply Chain Relationship
DDP
TMS
Arm's Length
7. Marketing - Manufacturing/operations - Finance - Accounting
Time Utility Definition
Logistics Management
C-TPAT
The Micro Dimension
8. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.
Technology Force
Categories of Logistics Quantification Pyramid
NAFTA
Internal Metrics
9. Processes for developing and implementing successful relationship
Supply Chain Relationship
ABC Activity-Based Costing
Top US imports from China
Information Requirements
10. Enterprise Resource Planning
ROA
ABC Activity-Based Costing
ERP
Freight Forwarder
11. Strategically positioning customers to improve the profitability of the organization and enhance its relationship with its customer base
Export Trading Companies
CRM Customer Relationship Management
Inbound
Time Utility Definition
12. Order Fill Rate - Perfect Order
Cost/Value Issue
External Metrics
Information Issue
Order Cycle Time
13. Increased complexity for organizations (from SKUs to trade regulations) is a problem. Organizations should simplify.
Export Trading Companies
Four Subdivisions of Logistics
Internal Metrics
Complexity Issue
14. The most pervasive and important global shipment method. Low rates - wide variety of products
Logistics
Information Requirements
Ocean
Logistics Management
15. Fast - high rate
Inbound
Air
S&OP
Transactional Relationship
16. Right product - right time - right quantity - right quality - right cost - right destination
External Metrics
Cost/Value Issue
Military Logistics
Transportation Management Issue
17. The time that elapses from when a buyer places an order until receipt of the order
Inventory
Order Cycle Time
Forecast Errors
Council of Supply Chain Management
18. Deregulation: Transportation - Communications - and Financial Institutions
Government Regulations and Policy Force
Collaborative Relationship
TMS
ERP
19. North American Free Trade Agreement. Establishes free trade between US - Canada - and Mexico
NAFTA
Internal Metrics
Two Phases of order mgmt.
Immutable Laws of Collaborative Logistics
20. Influencing the order - order execution
Information Issue
Two Phases of order mgmt.
Internal Society of Logistics
Cost/Value Issue
21. Point-of-sale(POS); Collaborative planning - forecasting - and replenishment(CPFR); Vendor-managed inventory (VMI)
Logistics Management
Organizational Consolidation Force
Collaborative Relationship
Integrated Supply Chain
22. Right: information - partner - quantity - format - time - place - cost
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23. The branch of military science having to do with procuring - maintaining - utility/value and transporting material - personnel - and facilities
Forecast Errors
Internal Society of Logistics
Collaborative Example
Ocean
24. The network facilities and supporting transportation is important. It must be capable and able to respond to change in the marketplace.
Immutable Laws of Collaborative Logistics
Supply Chain Network Issue
ABC Activity-Based Costing
Strategic Role of I.T.
25. Two or more business orgs cooperate and willingly modify their business objectives and practices to help achieve long-term goals.
Utility(ies) associated with Logistics
Transportation Management Issue
Collaborative Relationship
The Micro Dimension
26. 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
C-TPAT
Dimensions of customer service
Top US exports to China
27. Management of Product/Service - Information - and Cash Flows.
Horizontal Relationships
Top US exports to China
Freight Forwarder
Supply Chain Definition
28. External - Balancing - Price & Lead Time - Internal - Internal Balancing & Inventory/Production flexibility
Balancing Supply/Demand
Form Utility Definition
Top US trading partners
Supply Chain
29. Reduced complexity - reduced product life cycle - more volatility - organizational structures frequently change.
Global Markets Characteristics
External Metrics
Business Logistics
FOB
30. 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
Freight Forwarder
Factors Affecting Demand
Technology Issue
31. Plays large part in intermodal shipments.
Component Support
Form Utility Definition
Motor
Information Requirements
32. Strategic Alliance
DDP
Council of Supply Chain Management
Strategic Example
C-TPAT
33. Time - Quality - Cost - Supporting Metrics
TMS
Supply Chain
Performance Categories
Component Support
34. Free On Board
Immutable Laws of Collaborative Logistics
Performance Categories
Transportation Management Issue
FOB
35. CFE - MSE - MAD - MAPE
Place Utility Definition
Supply Chain Flows
Inbound
Forecast Errors
36. Influences product availability
Factors Affecting Demand
Quantity Utility Definition
Order Cycle Time
Motor
37. Product/Service - Information - Finance
Inventory
Common Culture
Globalization Force
Supply Chain Flows
38. Transportation Management System
Third Party Logistics Industry
Value Added Role of Logistics (5 types of utility)
Motor
TMS
39. Producer to Store - servicing the customer
Component Support
Outbound
Organizational Relationships Issue
Complexity Issue
40. The ________ is associated with downstream activities.
Strategic Example
Supply Chain
TMS
DDP
41. The management of the movement of materials and information within - into - and out of the firm
Logistics Management
Component Support
Forecasting
R's of Information
42. Acquisition - scheduling and management of the facilities/ assets - personnel and materials to support and sustain a service operation or business.
Service Logistics
Forecast Errors
Immutable Laws of Collaborative Logistics
Customer (7 R's of logistics)
43. 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.
Cost/Value Issue
Event Logistics
Organizational Consolidation Force
Council of Supply Chain Management
44. Analyze and evaluate on organizations efficiency over a time period.
Horizontal Relationships
Performance Measurement Issue
Utility(ies) associated with Logistics
Forecasting
45. Collaborative Planning - Forecasting - and Replenishment
Inventory
TMS
CPFR
Four Subdivisions of Logistics
46. The dual flow of Product/Services - Information - and Finances across the suppliers - distributors - manufacturers - wholesalers - and customers.
3rd Party Logistics
Information Requirements
Information Issue
Integrated Supply Chain
47. Segment Customer Base - Identify the product service package - Develop and execute the best procedures - measure performance continuously
Information Issue
Strategic Example
Steps in implementing CRM
Technology Force
48. Channel Satisfaction - Transaction Cost and Revenue - Logistics Operations - Logistics Service
Military Logistics
Categories of Logistics Quantification Pyramid
Technology Force
Service Logistics
49. Form - Time - Place - Quantity - Possession
Supply Chain Network Issue
Value Added Role of Logistics (5 types of utility)
Place Utility Definition
FOB
50. Time - Dependability - Communications - Convenience
Cost/Value Issue
R's of Information
Dimensions of customer service
4PL
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