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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. CFE - MSE - MAD - MAPE
Top US trading partners
Forecast Errors
Utility(ies) associated with Logistics
CPFR
2. Form Utility
Business Logistics
Information Requirements
Utility(ies) associated with Production
Logistics
3. Channel Satisfaction - Transaction Cost and Revenue - Logistics Operations - Logistics Service
Supply Chain Issues
Forces Driving the Rate of Change
Categories of Logistics Quantification Pyramid
ROA
4. The network facilities and supporting transportation is important. It must be capable and able to respond to change in the marketplace.
Air
Common Culture
Supply Chain Network Issue
Supply Chain Security Issue
5. Delivered Duty Paid
Form Utility Definition
DDP
Event Logistics
Value Added Role of Logistics (5 types of utility)
6. Relevant - Accurate - Accessible - Timely - Transferable
Information Requirements
Collaborative Example
Organizational Consolidation Force
Utility(ies) associated with Marketing
7. 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
ROA
Motor
Outbound
8. Vendor
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9. Value added by delivering the proper amount of a good.
Quantity Utility Definition
Types of 3PLs
ROA
Performance Categories
10. Point-of-sale(POS); Collaborative planning - forecasting - and replenishment(CPFR); Vendor-managed inventory (VMI)
Global Markets Characteristics
Organizational Consolidation Force
Supply Chain Definition
Order Cycle Time
11. An external supplier that performs all or part of a company's logistics functions.
Global Markets Characteristics
Form Utility Definition
CPFR
3rd Party Logistics
12. 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
Supply Chain
Horizontal Relationships
Strategic Role of I.T.
Major categories of metrics
13. Item Fill Rate - Line Fill Rate
Forecast Errors
Event Logistics
Customer Service
Internal Metrics
14. Management of materials in motion and at rest.
Utility(ies) associated with Marketing
Government Regulations and Policy Force
Inventory
DRP
15. Right product - right time - right quantity - right quality - right cost - right destination
Technology Issue
Motor
Order Cycle Time
Transportation Management Issue
16. Partner
Transactional Relationship
Technology Force
Supply Chain Relationship
Collaborative Example
17. Business Logistics - Military Logistics - Event Logistics - Service Logistics
ERP
Supply Chain Definition
Four Subdivisions of Logistics
Quantity Utility Definition
18. Getting the Right Things to the Right Place at the Right Time at the lowest cost.
Logistics
TMS
Utility(ies) associated with Logistics
Supply Chain
19. Transportation Management System
TMS
Air
ABC Activity-Based Costing
Supply Chain Issues
20. Coordination and Integration can reduce the inventory level on horizontal and vertical levels in the SC. (the bullwhip effect [when inventory is duplicated])
Balancing Supply/Demand
Inventory
Two Phases of order mgmt.
Inventory Deployment Issue
21. Order Fill Rate - Perfect Order
Inventory
Value Added Role of Logistics (5 types of utility)
Immutable Laws of Collaborative Logistics
External Metrics
22. Time - Dependability - Communications - Convenience
Event Logistics
Dimensions of customer service
Information Issue
Military 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).
Utility(ies) associated with Marketing
Event Logistics
Technology Issue
Technology Force
24. Adding value to products by making them available when they're needed.
Supply Chain Issues
Motor
Dimensions of customer service
Time Utility Definition
25. Concern and potential challenge since 9/11. Must be prepared for terrorist attack.
3rd Party Logistics
Supply Chain Security Issue
Component Support
Performance Categories
26. The most pervasive and important global shipment method. Low rates - wide variety of products
Ocean
Freight Forwarder
Global Markets Characteristics
Order Cycle Time
27. Enlightened - Educated - easy access to Internet
Globalization Force
Export Management Companies
NAFTA
Empowered Customer Force
28. Anything that touches the customer
Immutable Laws of Collaborative Logistics
Customer Service
Collaborative Relationship
Business Logistics
29. 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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30. Two or more business orgs cooperate and willingly modify their business objectives and practices to help achieve long-term goals.
Event Logistics
Arm's Length
Collaborative Relationship
Performance Measurement Issue
31. Influencing the order - order execution
ABC Activity-Based Costing
Two Phases of order mgmt.
Four Subdivisions of Logistics
Organizational Relationships Issue
32. The dual flow of Product/Services - Information - and Finances across the suppliers - distributors - manufacturers - wholesalers - and customers.
Integrated Supply Chain
Cost/Value Issue
Supply Chain Relationship
Top US exports to China
33. Globalization - Technology - Organizational Consolidation - Empowered Customer - Government Policy and Regulation
Inbound
Forces Driving the Rate of Change
Integrated Supply Chain
Four Subdivisions of Logistics
34. Processes for developing and implementing successful relationship
Supply Chain Relationship
Physical Distribution
CIF
Immutable Laws of Collaborative Logistics
35. Strategically positioning customers to improve the profitability of the organization and enhance its relationship with its customer base
Transportation Management Issue
DRP
CRM Customer Relationship Management
Major categories of metrics
36. Both parties in a vendor relational are said to be at "arm's" length.
Inventory Deployment Issue
FOB
Time Utility Definition
Transactional Relationship
37. Cost and Freight
Technology Issue
Ports
CFR
Inbound
38. Producer to Store - servicing the customer
Balancing Supply/Demand
Outbound
Value Added Role of Logistics (5 types of utility)
Internal Society of Logistics
39. 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
ROA
Arm's Length
Transactional Relationship
Immutable Laws of Collaborative Logistics
40. Critical part of global supply chains
Ports
DDP
Value Added Role of Logistics (5 types of utility)
Factors Affecting Demand
41. Act as agents for domestic firms in the international arena.
Component Support
Export Management Companies
Government Regulations and Policy Force
Major categories of metrics
42. Reliability - Responsiveness - Flexibility - Cost - Assets
Ocean
Supply Chain Definition
Horizontal Relationships
Major categories of metrics
43. Represents an alternative that may imply even greater involvement than the partnership or strategic alliance
Internal Society of Logistics
Types of Forecasts
Strategic Relationship
Integrated Supply Chain
44. 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.
CPFR
Military Logistics
Service Logistics
WMS
45. Collaborative Planning - Forecasting - and Replenishment
Performance Measurement Issue
Quantity Utility Definition
CPFR
Supply Chain Network Issue
46. Supplies expertise to international shippers. Consolidate small shipments. Derives income from fees for service.
Freight Forwarder
Information Requirements
Customer (7 R's of logistics)
Organizational Consolidation Force
47. The time that elapses from when a buyer places an order until receipt of the order
C-TPAT
Strategic Relationship
Order Cycle Time
Organizational Consolidation Force
48. Fast - high rate
Supply Chain Security Issue
3rd Party Logistics
Organizational Consolidation Force
Air
49. Marketing - Manufacturing/operations - Finance - Accounting
4PL
The Micro Dimension
Strategic Example
Utility(ies) associated with Logistics
50. Transportation-based - Warehouse/distribution-based - Forwarder-based - Shipper/management-based - Financial-based - Information-based firms
MRP
Arm's Length
Organizational Consolidation Force
Types of 3PLs