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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. Networks - Complexity - Inventory Deployment - Information - Cost/Value - Organizational Relationships - Performance Measurement - Technology - Transportation Management - Supply Chain Security
R's of Information
Strategic Relationship
Inventory Deployment Issue
Supply Chain Issues
2. Right: information - partner - quantity - format - time - place - cost
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3. Value added by delivering the proper amount of a good.
Quantity Utility Definition
Logistics Activities
Possession Utility
Time Utility Definition
4. Primarily created through the basic marketing activities related to the promotion of products and services -
Possession Utility
Council of Supply Chain Management
Physical Distribution
Order Cycle Time
5. Return on Assets.
ROA
Supply Chain
Third Party Logistics Industry
Common Culture
6. Enlightened - Educated - easy access to Internet
Top US imports from China
MRP
Empowered Customer Force
ROA
7. Focuses on the outbound side of of a firm's logistics system.
Physical Distribution
Quantity Utility Definition
Performance Measurement Issue
Customer (7 R's of logistics)
8. Adding value to products by making them available when they're needed.
Time Utility Definition
Utility(ies) associated with Production
Quantity Utility Definition
Vertical Relationship
9. Distribution Requirement Planning
DRP
Air
Event Logistics
Outbound
10. 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
Order Cycle Time
Logistics Activities
Arm's Length
Form Utility Definition
11. Random Variation - Trend - Seasonal Patterns - Normal Business Cycle
Information Requirements
Factors Affecting Demand
Inventory Deployment Issue
Service Logistics
12. Critical part of global supply chains
MRP
CIF
Ports
Technology Issue
13. Influencing the order - order execution
Inventory
Inbound
Two Phases of order mgmt.
NAFTA
14. Product/Service - Information - Finance
Globalization Force
Performance Measurement Issue
Supply Chain Flows
DDP
15. Management of Product/Service - Information - and Cash Flows.
Supply Chain Definition
Top US imports from China
CRM Customer Relationship Management
Supply Chain Security Issue
16. 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 Flows
Steps in implementing CRM
Information Issue
Order Cycle Time
17. Time - Quality - Cost - Supporting Metrics
TMS
Supply Chain Security Issue
Four Subdivisions of Logistics
Performance Categories
18. Delivered Duty Paid
DDP
Time Utility Definition
Logistics
Export Trading Companies
19. Deregulation: Transportation - Communications - and Financial Institutions
Transportation Management Issue
Internal Metrics
Government Regulations and Policy Force
CFR
20. Procurement and Manufacturing - value adding activities
Arm's Length
Forecasting
Information Requirements
Global Markets Characteristics
21. Possession Utility
Utility(ies) associated with Marketing
4PL
Military Logistics
Inventory
22. Sales and Order Processing
S&OP
Integrated Supply Chain
FAS
Technology Force
23. Marketing - Manufacturing/operations - Finance - Accounting
CPFR
Global Markets Characteristics
The Micro Dimension
S&OP
24. Point-of-sale(POS); Collaborative planning - forecasting - and replenishment(CPFR); Vendor-managed inventory (VMI)
Technology Issue
Categories of Logistics Quantification Pyramid
Transactional Relationship
Organizational Consolidation Force
25. Electrical Machinery - Power Generation Equipment.
Inbound
Top US imports from China
Dimensions of customer service
Motor
26. How firms in this industry create value for their commercial clients
Motor
Inventory Deployment Issue
Forces Driving the Rate of Change
Third Party Logistics Industry
27. Organizations require collaboration or cooperation.
Types of Forecasts
Organizational Relationships Issue
Performance Measurement Issue
Export Management Companies
28. Challenge is to evaluate and successfully implement the technology
Supply Chain Relationship
Strategic Example
Organizational Relationships Issue
Technology Issue
29. Globalization - Technology - Organizational Consolidation - Empowered Customer - Government Policy and Regulation
NAFTA
Time Utility Definition
Immutable Laws of Collaborative Logistics
Forces Driving the Rate of Change
30. Represents an alternative that may imply even greater involvement than the partnership or strategic alliance
Component Support
Types of Forecasts
Strategic Relationship
Supply Chain Flows
31. Canada - China - Mexico
Transportation Management Issue
DDP
Supply Chain Flows
Top US trading partners
32. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.
Technology Force
Information Requirements
TMS
Logistics Activities
33. Free On Board
Third Party Logistics Industry
Customer Service
Outbound
FOB
34. Business Logistics - Military Logistics - Event Logistics - Service Logistics
Four Subdivisions of Logistics
Information Requirements
4PL
R's of Information
35. Influences product availability
Order Cycle Time
Major categories of metrics
Utility(ies) associated with Production
Supply Chain Flows
36. An external supplier that performs all or part of a company's logistics functions.
Export Trading Companies
Order Cycle Time
R's of Information
3rd Party Logistics
37. 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
Information Issue
S&OP
Supply Chain Relationship
Common Culture
38. 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).
Export Trading Companies
Event Logistics
Time Utility Definition
TMS
39. 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
Steps in implementing CRM
Collaborative Relationship
Service Logistics
Strategic Role of I.T.
40. Increased complexity for organizations (from SKUs to trade regulations) is a problem. Organizations should simplify.
Complexity Issue
Arm's Length
CIF
Forces Driving the Rate of Change
41. 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.
Immutable Laws of Collaborative Logistics
WMS
Globalization Force
Council of Supply Chain Management
42. Reliability - Responsiveness - Flexibility - Cost - Assets
Globalization Force
Major categories of metrics
Freight Forwarder
Utility(ies) associated with Production
43. 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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44. Act as agents for domestic firms in the international arena.
Physical Distribution
Common Culture
Export Management Companies
Forecast Errors
45. Getting the Right Things to the Right Place at the Right Time at the lowest cost.
Technology Force
Logistics
Four Subdivisions of Logistics
Types of 3PLs
46. The network facilities and supporting transportation is important. It must be capable and able to respond to change in the marketplace.
Balancing Supply/Demand
Form Utility Definition
Technology Force
Supply Chain Network Issue
47. Materials Requirement Planning
MRP
Forces Driving the Rate of Change
Form Utility Definition
Transactional Relationship
48. Two or more business orgs cooperate and willingly modify their business objectives and practices to help achieve long-term goals.
Collaborative Relationship
CPFR
3rd Party Logistics
Service Logistics
49. Efficiency (cost) and effectiveness (value). A challenge for SCs is the prevention of sub-optimization.
Supply Chain Flows
Inbound
Cost/Value Issue
Supply Chain Definition
50. Procurement and Manufacturing - value adding activities
Information Requirements
Inbound
Forces Driving the Rate of Change
Export Management Companies