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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. Procurement and Manufacturing - value adding activities
Physical Distribution
Top US exports to China
Inbound
Forecast Errors
2. An external supplier that performs all or part of a company's logistics functions.
CPFR
3rd Party Logistics
Utility(ies) associated with Marketing
Strategic Example
3. Act as agents for domestic firms in the international arena.
Export Management Companies
S&OP
Organizational Relationships Issue
WMS
4. Supplies expertise to international shippers. Consolidate small shipments. Derives income from fees for service.
Freight Forwarder
Internal Metrics
3rd Party Logistics
Information Issue
5. 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.
Possession Utility
Integrated Supply Chain
Export Trading Companies
4PL
6. Providing time and place utility/value of materials and products in support of Functional management organization objectives.
Transportation Management Issue
Military Logistics
Two Phases of order mgmt.
Component Support
7. Simple moving average - Weighted Moving average - Exponential Smoothing - Adjusted Exponential Smoothing for Trend - Seasonal Influences
Types of Forecasts
Collaborative Example
Ocean
Component Support
8. Influencing the order - order execution
Transactional Relationship
CIF
Technology Issue
Two Phases of order mgmt.
9. 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.
Global Markets Characteristics
DDP
Inventory
Council of Supply Chain Management
10. 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
Order Cycle Time
Time Utility Definition
Inbound
Common Culture
11. Export goods and services to overseas buyers and handles most of the export arrangements.
Logistics Activities
Top US trading partners
Export Trading Companies
Vertical Relationship
12. Increased complexity for organizations (from SKUs to trade regulations) is a problem. Organizations should simplify.
Form Utility Definition
Categories of Logistics Quantification Pyramid
Event Logistics
Complexity Issue
13. Customers trade partnership against terrorism
C-TPAT
Collaborative Relationship
3rd Party Logistics
Council of Supply Chain Management
14. The management of the movement of materials and information within - into - and out of the firm
ERP
Collaborative Relationship
DDP
Logistics Management
15. Vendor
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16. Canada - China - Mexico
Service Logistics
Globalization Force
Top US trading partners
WMS
17. Random Variation - Trend - Seasonal Patterns - Normal Business Cycle
CIF
Factors Affecting Demand
Forces Driving the Rate of Change
Component Support
18. Measures cost and performance of activities.
DRP
ABC Activity-Based Costing
CIF
Global Markets Characteristics
19. Getting the Right Things to the Right Place at the Right Time at the lowest cost.
Logistics
CPFR
Collaborative Relationship
Categories of Logistics Quantification Pyramid
20. Analyze and evaluate on organizations efficiency over a time period.
Air
External Metrics
Internal Society of Logistics
Performance Measurement Issue
21. The ________ is associated with downstream activities.
Types of Forecasts
ABC Activity-Based Costing
Supply Chain
CIF
22. Strategically positioning customers to improve the profitability of the organization and enhance its relationship with its customer base
S&OP
Top US imports from China
CRM Customer Relationship Management
DDP
23. Growth to a global or worldwide scale. Important Issues in a SC: More volatile supply and demand - shorter product lifetimes - blurring of organizational boundaries.
Place Utility Definition
Physical Distribution
Ocean
Globalization Force
24. Business Logistics - Military Logistics - Event Logistics - Service Logistics
Four Subdivisions of Logistics
Technology Force
Cost/Value Issue
Utility(ies) associated with Marketing
25. Relevant - Accurate - Accessible - Timely - Transferable
Top US exports to China
Internal Society of Logistics
Information Requirements
Immutable Laws of Collaborative Logistics
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.
Ports
Freight Forwarder
Information Issue
Supply Chain Issues
27. Both parties in a vendor relational are said to be at "arm's" length.
Transactional Relationship
Top US imports from China
Information Issue
Form Utility Definition
28. Marketing - Manufacturing/operations - Finance - Accounting
3rd Party Logistics
Top US exports to China
The Micro Dimension
Quantity Utility Definition
29. Electrical Machinery - Power Generation Equipment.
Organizational Relationships Issue
Inventory
Globalization Force
Top US imports from China
30. Materials Requirement Planning
MRP
TMS
Performance Categories
Inventory
31. Transportation Management System
Arm's Length
Forces Driving the Rate of Change
TMS
Performance Measurement Issue
32. Delivered Duty Paid
Organizational Consolidation Force
Third Party Logistics Industry
DDP
Strategic Role of I.T.
33. Free Alongside Ship
Internal Metrics
FAS
Collaborative Relationship
CPFR
34. Management of materials in motion and at rest.
FAS
4PL
Inventory
Dimensions of customer service
35. Warehouse Management System
Service Logistics
ROA
Ocean
WMS
36. Challenge is to evaluate and successfully implement the technology
Arm's Length
Ocean
Global Markets Characteristics
Technology Issue
37. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.
Utility(ies) associated with Production
Utility(ies) associated with Marketing
Technology Force
Performance Measurement Issue
38. The network facilities and supporting transportation is important. It must be capable and able to respond to change in the marketplace.
Supply Chain Network Issue
Form Utility Definition
Arm's Length
Inventory Deployment Issue
39. Reliability - Responsiveness - Flexibility - Cost - Assets
Major categories of metrics
Time Utility Definition
Place Utility Definition
Logistics Management
40. Form Utility
Utility(ies) associated with Production
Four Subdivisions of Logistics
Performance Categories
Organizational Consolidation Force
41. How firms in this industry create value for their commercial clients
Top US exports to China
ROA
Third Party Logistics Industry
Logistics
42. Partner
Collaborative Example
Strategic Role of I.T.
Business Logistics
Ocean
43. Management of Product/Service - Information - and Cash Flows.
Transportation Management Issue
Top US exports to China
Top US trading partners
Supply Chain Definition
44. 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 Issues
Strategic Role of I.T.
Inventory Deployment Issue
Component Support
45. Processes for developing and implementing successful relationship
Supply Chain Relationship
Forecasting
Supply Chain Flows
Order Cycle Time
46. Time - Dependability - Communications - Convenience
Dimensions of customer service
3rd Party Logistics
ROA
NAFTA
47. Strategic Alliance
DDP
Supply Chain Definition
Strategic Example
FOB
48. Represents an alternative that may imply even greater involvement than the partnership or strategic alliance
Integrated Supply Chain
FAS
Strategic Relationship
CPFR
49. Deregulation: Transportation - Communications - and Financial Institutions
Logistics Activities
Ports
Government Regulations and Policy Force
Information Requirements
50. Influences product availability
Utility(ies) associated with Logistics
Order Cycle Time
Technology Issue
Top US exports to China