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Test your basic knowledge |
Business Logistics Management
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Subject
:
business-skills
Instructions:
Answer 50 questions in 15 minutes.
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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. Time - Quality - Cost - Supporting Metrics
Export Trading Companies
Logistics
Performance Categories
Component Support
2. Transportation-based - Warehouse/distribution-based - Forwarder-based - Shipper/management-based - Financial-based - Information-based firms
Technology Force
Strategic Example
Value Added Role of Logistics (5 types of utility)
Types of 3PLs
3. Influences product availability
Logistics Activities
Customer (7 R's of logistics)
Order Cycle Time
FOB
4. Providing time and place utility/value of materials and products in support of Functional management organization objectives.
Ports
Component Support
Export Trading Companies
Forces Driving the Rate of Change
5. Challenge is to evaluate and successfully implement the technology
Technology Issue
Ocean
Customer (7 R's of logistics)
ERP
6. 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.
S&OP
Information Issue
FAS
Forecast Errors
7. Random Variation - Trend - Seasonal Patterns - Normal Business Cycle
Types of 3PLs
Possession Utility
Technology Issue
Factors Affecting Demand
8. Analyze and evaluate on organizations efficiency over a time period.
Performance Measurement Issue
Empowered Customer Force
Quantity Utility Definition
Four Subdivisions of Logistics
9. The management of the movement of materials and information within - into - and out of the firm
Logistics Management
Outbound
Empowered Customer Force
Organizational Consolidation Force
10. Management of Product/Service - Information - and Cash Flows.
FAS
Supply Chain Definition
ERP
Possession Utility
11. Organizations require collaboration or cooperation.
Inventory
Four Subdivisions of Logistics
Inventory Deployment Issue
Organizational Relationships Issue
12. Refer to the traditional linkages between firms in the supply chain such as retailers - distributors - manufacturers - and parts and materials suppliers
Vertical Relationship
Complexity Issue
Forecast Errors
Internal Society of Logistics
13. Electrical Machinery - Power Generation Equipment
Top US exports to China
Ports
DDP
Strategic Example
14. Globalization - Technology - Organizational Consolidation - Empowered Customer - Government Policy and Regulation
Forces Driving the Rate of Change
Factors Affecting Demand
Customer (7 R's of logistics)
Supply Chain Issues
15. 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
Common Culture
R's of Information
Forces Driving the Rate of Change
Complexity Issue
16. 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
Component Support
Inventory Deployment Issue
Strategic Role of I.T.
Organizational Consolidation Force
17. Right: information - partner - quantity - format - time - place - cost
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18. Producer to Store - servicing the customer
Outbound
Ports
Supply Chain Flows
Information Requirements
19. North American Free Trade Agreement. Establishes free trade between US - Canada - and Mexico
Common Culture
Strategic Example
NAFTA
Types of Forecasts
20. Cost and Freight
Quantity Utility Definition
Factors Affecting Demand
Top US imports from China
CFR
21. Acquisition - scheduling and management of the facilities/ assets - personnel and materials to support and sustain a service operation or business.
Service Logistics
Possession Utility
FAS
Dimensions of customer service
22. Form - Time - Place - Quantity - Possession
Top US exports to China
Quantity Utility Definition
Value Added Role of Logistics (5 types of utility)
Organizational Relationships Issue
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).
Event Logistics
Types of 3PLs
Forces Driving the Rate of Change
Complexity Issue
24. Vendor
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25. An external supplier that performs all or part of a company's logistics functions.
CFR
Organizational Consolidation Force
Collaborative Example
3rd Party Logistics
26. Canada - China - Mexico
Third Party Logistics Industry
Technology Issue
R's of Information
Top US trading partners
27. CFE - MSE - MAD - MAPE
Forecast Errors
Collaborative Relationship
Ports
Organizational Consolidation Force
28. Distribution Requirement Planning
Dimensions of customer service
Common Culture
DRP
Logistics Activities
29. Time - Dependability - Communications - Convenience
Immutable Laws of Collaborative Logistics
Dimensions of customer service
Inventory
Technology Issue
30. 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
Major categories of metrics
Global Markets Characteristics
DDP
Business Logistics
31. Adding value to products by having them where people want them.
Collaborative Example
Place Utility Definition
Physical Distribution
Types of Forecasts
32. Return on Assets.
ROA
Ocean
Customer (7 R's of logistics)
CRM Customer Relationship Management
33. Critical part of global supply chains
Forecasting
Logistics Management
Types of Forecasts
Ports
34. Cost - Insurance - and Freight
Top US imports from China
Two Phases of order mgmt.
Information Issue
CIF
35. Segment Customer Base - Identify the product service package - Develop and execute the best procedures - measure performance continuously
Steps in implementing CRM
Utility(ies) associated with Marketing
Collaborative Example
Technology Issue
36. External - Balancing - Price & Lead Time - Internal - Internal Balancing & Inventory/Production flexibility
Performance Categories
Business Logistics
Balancing Supply/Demand
Complexity Issue
37. Management of materials in motion and at rest.
ROA
Supply Chain Flows
Inventory
Possession Utility
38. Channel Satisfaction - Transaction Cost and Revenue - Logistics Operations - Logistics Service
Military Logistics
Strategic Role of I.T.
Categories of Logistics Quantification Pyramid
4PL
39. Export goods and services to overseas buyers and handles most of the export arrangements.
NAFTA
Types of Forecasts
Top US exports to China
Export Trading Companies
40. 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
Immutable Laws of Collaborative Logistics
Quantity Utility Definition
Types of 3PLs
External Metrics
41. The time that elapses from when a buyer places an order until receipt of the order
Supply Chain Issues
Utility(ies) associated with Production
Order Cycle Time
Internal Metrics
42. Primarily created through the basic marketing activities related to the promotion of products and services -
Inbound
Possession Utility
Supply Chain Definition
Utility(ies) associated with Marketing
43. Business agreements between firms that have "parallel" or cooperating positions in the logistics process.
Strategic Relationship
Performance Measurement Issue
Horizontal Relationships
FOB
44. Collaborative Planning - Forecasting - and Replenishment
Physical Distribution
CPFR
Information Issue
Government Regulations and Policy Force
45. Marketing - Manufacturing/operations - Finance - Accounting
The Micro Dimension
ABC Activity-Based Costing
Categories of Logistics Quantification Pyramid
Export Management Companies
46. Both parties in a vendor relational are said to be at "arm's" length.
CIF
Supply Chain Security Issue
Transactional Relationship
Complexity Issue
47. How firms in this industry create value for their commercial clients
Steps in implementing CRM
Third Party Logistics Industry
Information Issue
Inbound
48. Measures cost and performance of activities.
Categories of Logistics Quantification Pyramid
ABC Activity-Based Costing
4PL
R's of Information
49. Form Utility
Collaborative Example
Integrated Supply Chain
Utility(ies) associated with Production
Freight Forwarder
50. Value added to goods through a manufacturing or assembly process.
C-TPAT
DRP
Performance Measurement Issue
Form Utility Definition
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