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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. Growth to a global or worldwide scale. Important Issues in a SC: More volatile supply and demand - shorter product lifetimes - blurring of organizational boundaries.
NAFTA
Globalization Force
Form Utility Definition
ROA
2. Enlightened - Educated - easy access to Internet
CIF
Common Culture
Cost/Value Issue
Empowered Customer Force
3. Customers trade partnership against terrorism
Outbound
Forecast Errors
Dimensions of customer service
C-TPAT
4. Export goods and services to overseas buyers and handles most of the export arrangements.
The Micro Dimension
Utility(ies) associated with Production
Export Trading Companies
Factors Affecting Demand
5. Reliability - Responsiveness - Flexibility - Cost - Assets
Military Logistics
Utility(ies) associated with Marketing
Major categories of metrics
Outbound
6. Delivered Duty Paid
DDP
Service Logistics
Inventory Deployment Issue
Balancing Supply/Demand
7. Random Variation - Trend - Seasonal Patterns - Normal Business Cycle
Vertical Relationship
Organizational Relationships Issue
Utility(ies) associated with Marketing
Factors Affecting Demand
8. Time - Quality - Cost - Supporting Metrics
Performance Categories
ROA
Ports
Order Cycle Time
9. Plays large part in intermodal shipments.
Motor
Organizational Consolidation Force
Major categories of metrics
Customer Service
10. Electrical Machinery - Power Generation Equipment.
Utility(ies) associated with Logistics
Logistics Activities
Top US imports from China
Dimensions of customer service
11. Canada - China - Mexico
Export Management Companies
Export Trading Companies
Supply Chain Network Issue
Top US trading partners
12. Channel Satisfaction - Transaction Cost and Revenue - Logistics Operations - Logistics Service
DRP
Categories of Logistics Quantification Pyramid
WMS
Utility(ies) associated with Production
13. Form Utility
Immutable Laws of Collaborative Logistics
NAFTA
Vertical Relationship
Utility(ies) associated with Production
14. Form - Time - Place - Quantity - Possession
Freight Forwarder
Value Added Role of Logistics (5 types of utility)
Supply Chain Issues
TMS
15. Order Fill Rate - Perfect Order
Information Requirements
External Metrics
Logistics Management
Government Regulations and Policy Force
16. Acquisition - scheduling and management of the facilities/ assets - personnel and materials to support and sustain a service operation or business.
Service Logistics
Supply Chain Relationship
Ocean
Internal Society of Logistics
17. Efficiency (cost) and effectiveness (value). A challenge for SCs is the prevention of sub-optimization.
Performance Measurement Issue
Logistics Management
4PL
Cost/Value Issue
18. Both parties in a vendor relational are said to be at "arm's" length.
Event Logistics
Transactional Relationship
Order Cycle Time
R's of Information
19. Sales and Order Processing
CFR
S&OP
Horizontal Relationships
Performance Categories
20. 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.
ROA
Information Issue
Supply Chain Security Issue
Utility(ies) associated with Logistics
21. Cost and Freight
Export Trading Companies
CFR
Inventory
NAFTA
22. Supplies expertise to international shippers. Consolidate small shipments. Derives income from fees for service.
Freight Forwarder
Vertical Relationship
Top US exports to China
Order Cycle Time
23. 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.
Supply Chain Relationship
Order Cycle Time
Integrated Supply Chain
Council of Supply Chain Management
24. The branch of military science having to do with procuring - maintaining - utility/value and transporting material - personnel - and facilities
Government Regulations and Policy Force
Internal Society of Logistics
Arm's Length
Information Issue
25. Free Alongside Ship
FAS
ERP
Transportation Management Issue
Organizational Relationships Issue
26. External - Balancing - Price & Lead Time - Internal - Internal Balancing & Inventory/Production flexibility
Freight Forwarder
DRP
Balancing Supply/Demand
CRM Customer Relationship Management
27. Challenge is to evaluate and successfully implement the technology
Technology Issue
Council of Supply Chain Management
Complexity Issue
Supply Chain Issues
28. 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).
Event Logistics
Two Phases of order mgmt.
Motor
CPFR
29. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.
Ports
Forecast Errors
Technology Force
FAS
30. Time Utility - Place Utility - Quantity Utility
Supply Chain
Customer (7 R's of logistics)
Utility(ies) associated with Logistics
Internal Metrics
31. 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 Network Issue
Strategic Role of I.T.
S&OP
R's of Information
32. Processes for developing and implementing successful relationship
Supply Chain Network Issue
MRP
Categories of Logistics Quantification Pyramid
Supply Chain Relationship
33. Coordination and Integration can reduce the inventory level on horizontal and vertical levels in the SC. (the bullwhip effect [when inventory is duplicated])
Customer Service
Third Party Logistics Industry
Inventory Deployment Issue
Logistics Management
34. Organizations require collaboration or cooperation.
Arm's Length
FAS
CRM Customer Relationship Management
Organizational Relationships Issue
35. Reduced complexity - reduced product life cycle - more volatility - organizational structures frequently change.
Global Markets Characteristics
Major categories of metrics
Forces Driving the Rate of Change
Empowered Customer Force
36. Product/Service - Information - Finance
Form Utility Definition
Supply Chain Flows
Customer Service
Top US imports from China
37. Globalization - Technology - Organizational Consolidation - Empowered Customer - Government Policy and Regulation
Technology Force
S&OP
Forces Driving the Rate of Change
Inventory
38. Business agreements between firms that have "parallel" or cooperating positions in the logistics process.
Information Requirements
Globalization Force
Horizontal Relationships
Transactional Relationship
39. Simple moving average - Weighted Moving average - Exponential Smoothing - Adjusted Exponential Smoothing for Trend - Seasonal Influences
Types of Forecasts
Event Logistics
Motor
Strategic Role of I.T.
40. Procurement and Manufacturing - value adding activities
Types of 3PLs
Forecasting
Supply Chain Issues
Utility(ies) associated with Marketing
41. The process of planning - implementing - and controlling the efficient - effective flow and storage of goods - services - and related information from the point of origin to the point of consumption for the purpose of conforming to customer requ
Motor
Strategic Relationship
Factors Affecting Demand
Business Logistics
42. Getting the Right Things to the Right Place at the Right Time at the lowest cost.
Logistics
Place Utility Definition
Information Requirements
Order Cycle Time
43. Value added to goods through a manufacturing or assembly process.
Types of 3PLs
Internal Society of Logistics
Top US exports to China
Form Utility Definition
44. Increased complexity for organizations (from SKUs to trade regulations) is a problem. Organizations should simplify.
Value Added Role of Logistics (5 types of utility)
Complexity Issue
Balancing Supply/Demand
TMS
45. Adding value to products by having them where people want them.
Component Support
WMS
Form Utility Definition
Place Utility Definition
46. 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
Transactional Relationship
Technology Issue
Supply Chain Flows
Common Culture
47. Influences product availability
CFR
Place Utility Definition
CRM Customer Relationship Management
Order Cycle Time
48. Critical part of global supply chains
Logistics Activities
3rd Party Logistics
Ports
Utility(ies) associated with Production
49. Providing time and place utility/value of materials and products in support of Functional management organization objectives.
Event Logistics
Component Support
Supply Chain
Inventory Deployment Issue
50. Primarily created through the basic marketing activities related to the promotion of products and services -
Integrated Supply Chain
ROA
Inventory Deployment Issue
Possession Utility