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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. 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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2. Segment Customer Base - Identify the product service package - Develop and execute the best procedures - measure performance continuously
Immutable Laws of Collaborative Logistics
Steps in implementing CRM
Export Trading Companies
Inventory
3. Right product - right time - right quantity - right quality - right cost - right destination
CFR
Transportation Management Issue
Inventory
External Metrics
4. Globalization - Technology - Organizational Consolidation - Empowered Customer - Government Policy and Regulation
Export Trading Companies
Forces Driving the Rate of Change
Categories of Logistics Quantification Pyramid
Arm's Length
5. Cost and Freight
Internal Society of Logistics
CFR
Quantity Utility Definition
Utility(ies) associated with Marketing
6. Strategic Alliance
Strategic Example
4PL
S&OP
Supply Chain
7. Point-of-sale(POS); Collaborative planning - forecasting - and replenishment(CPFR); Vendor-managed inventory (VMI)
Forecasting
Organizational Consolidation Force
Globalization Force
Major categories of metrics
8. Form - Time - Place - Quantity - Possession
Forecasting
Government Regulations and Policy Force
Form Utility Definition
Value Added Role of Logistics (5 types of utility)
9. Fast - high rate
Air
Quantity Utility Definition
Horizontal Relationships
DDP
10. The most pervasive and important global shipment method. Low rates - wide variety of products
Ocean
Strategic Role of I.T.
CPFR
ABC Activity-Based Costing
11. Value added to goods through a manufacturing or assembly process.
Balancing Supply/Demand
Logistics Management
Collaborative Example
Form Utility Definition
12. Materials Requirement Planning
MRP
Order Cycle Time
NAFTA
Major categories of metrics
13. Adding value to products by making them available when they're needed.
Transportation Management Issue
Time Utility Definition
Supply Chain Issues
Forecasting
14. Two or more business orgs cooperate and willingly modify their business objectives and practices to help achieve long-term goals.
Transportation Management Issue
CRM Customer Relationship Management
Motor
Collaborative Relationship
15. Concern and potential challenge since 9/11. Must be prepared for terrorist attack.
Top US exports to China
Cost/Value Issue
Supply Chain Security Issue
Balancing Supply/Demand
16. The ________ is associated with downstream activities.
Supply Chain
Ocean
Types of 3PLs
Strategic Role of I.T.
17. Management of materials in motion and at rest.
Top US trading partners
Inventory
Types of 3PLs
Immutable Laws of Collaborative Logistics
18. Canada - China - Mexico
Top US trading partners
CPFR
Dimensions of customer service
Time Utility Definition
19. Plays large part in intermodal shipments.
FAS
Empowered Customer Force
Motor
Major categories of metrics
20. An external supplier that performs all or part of a company's logistics functions.
Immutable Laws of Collaborative Logistics
Top US exports to China
Major categories of metrics
3rd Party Logistics
21. Random Variation - Trend - Seasonal Patterns - Normal Business Cycle
R's of Information
Factors Affecting Demand
Transactional Relationship
Place Utility Definition
22. Electrical Machinery - Power Generation Equipment
Top US exports to China
Supply Chain Issues
Service Logistics
Technology Force
23. Focuses on the outbound side of of a firm's logistics system.
Physical Distribution
S&OP
FOB
MRP
24. Time - Dependability - Communications - Convenience
Dimensions of customer service
Balancing Supply/Demand
Order Cycle Time
Common Culture
25. Management of Product/Service - Information - and Cash Flows.
Dimensions of customer service
Supply Chain Definition
Event Logistics
Categories of Logistics Quantification Pyramid
26. Time Utility - Place Utility - Quantity Utility
Utility(ies) associated with Logistics
FAS
Technology Issue
Supply Chain Relationship
27. Partner
ABC Activity-Based Costing
Transportation Management Issue
FOB
Collaborative Example
28. 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
Physical Distribution
Strategic Role of I.T.
Customer Service
Dimensions of customer service
29. Getting the Right Things to the Right Place at the Right Time at the lowest cost.
Logistics
Information Issue
Collaborative Example
C-TPAT
30. The network facilities and supporting transportation is important. It must be capable and able to respond to change in the marketplace.
Integrated Supply Chain
Supply Chain Network Issue
Top US trading partners
Quantity Utility Definition
31. Item Fill Rate - Line Fill Rate
Technology Issue
Complexity Issue
Internal Metrics
Supply Chain Network Issue
32. Adding value to products by having them where people want them.
Possession Utility
Place Utility Definition
Performance Categories
Vertical Relationship
33. Both parties in a vendor relational are said to be at "arm's" length.
Forecast Errors
Transactional Relationship
Export Trading Companies
Physical Distribution
34. Cost - Insurance - and Freight
CIF
Supply Chain Relationship
Arm's Length
Logistics Activities
35. Enterprise Resource Planning
Complexity Issue
Customer Service
ERP
Performance Measurement Issue
36. Organizations require collaboration or cooperation.
Collaborative Relationship
Organizational Relationships Issue
Arm's Length
Major categories of metrics
37. Efficiency (cost) and effectiveness (value). A challenge for SCs is the prevention of sub-optimization.
Immutable Laws of Collaborative Logistics
Utility(ies) associated with Logistics
Logistics Management
Cost/Value Issue
38. Electrical Machinery - Power Generation Equipment.
Four Subdivisions of Logistics
Top US imports from China
Government Regulations and Policy Force
External Metrics
39. 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).
The Micro Dimension
Event Logistics
Transactional Relationship
TMS
40. Distribution Requirement Planning
Supply Chain Definition
Four Subdivisions of Logistics
Motor
DRP
41. Procurement and Manufacturing - value adding activities
Order Cycle Time
Top US imports from China
DDP
Inbound
42. Sales and Order Processing
C-TPAT
Strategic Example
S&OP
Technology Issue
43. Customers trade partnership against terrorism
Utility(ies) associated with Logistics
C-TPAT
Strategic Role of I.T.
Types of 3PLs
44. Channel Satisfaction - Transaction Cost and Revenue - Logistics Operations - Logistics Service
R's of Information
Major categories of metrics
Collaborative Example
Categories of Logistics Quantification Pyramid
45. External - Balancing - Price & Lead Time - Internal - Internal Balancing & Inventory/Production flexibility
Balancing Supply/Demand
Ports
Freight Forwarder
DDP
46. Collaborative Planning - Forecasting - and Replenishment
CPFR
Customer Service
Logistics Activities
ABC Activity-Based Costing
47. Reliability - Responsiveness - Flexibility - Cost - Assets
Supply Chain Relationship
Information Issue
Quantity Utility Definition
Major categories of metrics
48. Simple moving average - Weighted Moving average - Exponential Smoothing - Adjusted Exponential Smoothing for Trend - Seasonal Influences
C-TPAT
Dimensions of customer service
Place Utility Definition
Types of Forecasts
49. Relevant - Accurate - Accessible - Timely - Transferable
WMS
R's of Information
Information Requirements
TMS
50. North American Free Trade Agreement. Establishes free trade between US - Canada - and Mexico
ABC Activity-Based Costing
Third Party Logistics Industry
Immutable Laws of Collaborative Logistics
NAFTA