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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. North American Free Trade Agreement. Establishes free trade between US - Canada - and Mexico
Information Issue
NAFTA
Strategic Role of I.T.
DDP
2. Transportation-based - Warehouse/distribution-based - Forwarder-based - Shipper/management-based - Financial-based - Information-based firms
Organizational Consolidation Force
Possession Utility
Types of 3PLs
Quantity Utility Definition
3. Cost and Freight
DDP
CFR
Empowered Customer Force
External Metrics
4. Strategic Alliance
Arm's Length
WMS
Strategic Example
Freight Forwarder
5. Concern and potential challenge since 9/11. Must be prepared for terrorist attack.
Supply Chain Security Issue
3rd Party Logistics
CFR
Logistics
6. Form - Time - Place - Quantity - Possession
CPFR
Third Party Logistics Industry
Value Added Role of Logistics (5 types of utility)
TMS
7. 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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8. 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
Logistics Activities
ROA
DRP
Immutable Laws of Collaborative Logistics
9. Customers trade partnership against terrorism
Integrated Supply Chain
C-TPAT
Global Markets Characteristics
Utility(ies) associated with Logistics
10. Acquisition - scheduling and management of the facilities/ assets - personnel and materials to support and sustain a service operation or business.
DRP
Service Logistics
Steps in implementing CRM
ERP
11. 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.
Integrated Supply Chain
Form Utility Definition
TMS
12. Plays large part in intermodal shipments.
Integrated Supply Chain
Motor
Technology Force
Inventory Deployment Issue
13. Challenge is to evaluate and successfully implement the technology
ABC Activity-Based Costing
Ocean
Strategic Role of I.T.
Technology Issue
14. Act as agents for domestic firms in the international arena.
C-TPAT
Technology Force
NAFTA
Export Management Companies
15. Product/Service - Information - Finance
Government Regulations and Policy Force
Supply Chain Flows
Service Logistics
Globalization Force
16. Distribution Requirement Planning
DRP
Logistics
Supply Chain
Freight Forwarder
17. The time that elapses from when a buyer places an order until receipt of the order
Information Issue
Physical Distribution
Supply Chain Security Issue
Order Cycle Time
18. Management of materials in motion and at rest.
Information Issue
Council of Supply Chain Management
Inventory
Export Trading Companies
19. Simple moving average - Weighted Moving average - Exponential Smoothing - Adjusted Exponential Smoothing for Trend - Seasonal Influences
Arm's Length
Types of Forecasts
Customer Service
Performance Categories
20. Measures cost and performance of activities.
Logistics Management
Inbound
ABC Activity-Based Costing
Technology Issue
21. Sales and Order Processing
Vertical Relationship
Value Added Role of Logistics (5 types of utility)
Top US exports to China
S&OP
22. The management of the movement of materials and information within - into - and out of the firm
Information Requirements
Logistics Management
Internal Metrics
Organizational Consolidation Force
23. Marketing - Manufacturing/operations - Finance - Accounting
Time Utility Definition
The Micro Dimension
Top US trading partners
ABC Activity-Based Costing
24. An external supplier that performs all or part of a company's logistics functions.
Factors Affecting Demand
Types of 3PLs
Empowered Customer Force
3rd Party Logistics
25. Reliability - Responsiveness - Flexibility - Cost - Assets
Component Support
Air
Major categories of metrics
Possession Utility
26. Critical part of global supply chains
Horizontal Relationships
Ports
3rd Party Logistics
Organizational Relationships Issue
27. Efficiency (cost) and effectiveness (value). A challenge for SCs is the prevention of sub-optimization.
Order Cycle Time
Cost/Value Issue
Export Trading Companies
Military Logistics
28. Analyze and evaluate on organizations efficiency over a time period.
NAFTA
Performance Measurement Issue
Dimensions of customer service
Immutable Laws of Collaborative Logistics
29. Canada - China - Mexico
Top US trading partners
Internal Metrics
3rd Party Logistics
ERP
30. Influences product availability
Arm's Length
Export Management Companies
Types of 3PLs
Order Cycle Time
31. Supplies expertise to international shippers. Consolidate small shipments. Derives income from fees for service.
Global Markets Characteristics
Freight Forwarder
Technology Force
Types of Forecasts
32. The most pervasive and important global shipment method. Low rates - wide variety of products
Physical Distribution
Internal Society of Logistics
Ocean
Strategic Role of I.T.
33. Focuses on the outbound side of of a firm's logistics system.
Physical Distribution
Balancing Supply/Demand
Supply Chain Security Issue
Supply Chain Issues
34. Influencing the order - order execution
Supply Chain Issues
CIF
Logistics Activities
Two Phases of order mgmt.
35. Order Fill Rate - Perfect Order
Customer (7 R's of logistics)
MRP
Possession Utility
External Metrics
36. 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
Common Culture
ABC Activity-Based Costing
3rd Party Logistics
37. Warehouse Management System
Component Support
Air
WMS
Time Utility Definition
38. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.
Technology Force
Logistics
Global Markets Characteristics
Quantity Utility Definition
39. The network facilities and supporting transportation is important. It must be capable and able to respond to change in the marketplace.
C-TPAT
Supply Chain Network Issue
External Metrics
Integrated Supply Chain
40. Business Logistics - Military Logistics - Event Logistics - Service Logistics
Component Support
Major categories of metrics
Physical Distribution
Four Subdivisions of Logistics
41. Refer to the traditional linkages between firms in the supply chain such as retailers - distributors - manufacturers - and parts and materials suppliers
Military Logistics
Physical Distribution
4PL
Vertical Relationship
42. Anything that touches the customer
Utility(ies) associated with Production
Customer Service
Logistics Management
Horizontal Relationships
43. Free Alongside Ship
FAS
The Micro Dimension
Supply Chain Flows
Customer (7 R's of logistics)
44. Point-of-sale(POS); Collaborative planning - forecasting - and replenishment(CPFR); Vendor-managed inventory (VMI)
Organizational Consolidation Force
Military Logistics
Top US trading partners
Vertical Relationship
45. Both parties in a vendor relational are said to be at "arm's" length.
Information Requirements
Transactional Relationship
Component Support
Ocean
46. Value added to goods through a manufacturing or assembly process.
Form Utility Definition
Common Culture
Collaborative Relationship
Immutable Laws of Collaborative Logistics
47. Reduced complexity - reduced product life cycle - more volatility - organizational structures frequently change.
ABC Activity-Based Costing
Global Markets Characteristics
Possession Utility
Performance Categories
48. Segment Customer Base - Identify the product service package - Develop and execute the best procedures - measure performance continuously
Inventory
Value Added Role of Logistics (5 types of utility)
Steps in implementing CRM
Ports
49. Two or more business orgs cooperate and willingly modify their business objectives and practices to help achieve long-term goals.
Collaborative Relationship
Internal Metrics
Major categories of metrics
Empowered Customer Force
50. Fast - high rate
FAS
External Metrics
Ports
Air