SUBJECTS
|
BROWSE
|
CAREER CENTER
|
POPULAR
|
JOIN
|
LOGIN
Business Skills
|
Soft Skills
|
Basic Literacy
|
Certifications
About
|
Help
|
Privacy
|
Terms
Search
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. How firms in this industry create value for their commercial clients
Types of 3PLs
Empowered Customer Force
Strategic Example
Third Party Logistics Industry
2. Form - Time - Place - Quantity - Possession
Third Party Logistics Industry
Possession Utility
Value Added Role of Logistics (5 types of utility)
Supply Chain Issues
3. CFE - MSE - MAD - MAPE
Organizational Consolidation Force
Forecast Errors
Immutable Laws of Collaborative Logistics
Supply Chain Definition
4. Transportation-based - Warehouse/distribution-based - Forwarder-based - Shipper/management-based - Financial-based - Information-based firms
Major categories of metrics
Export Management Companies
ROA
Types of 3PLs
5. 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).
Logistics Activities
Performance Measurement Issue
Types of 3PLs
Event Logistics
6. Time - Dependability - Communications - Convenience
NAFTA
Complexity Issue
Dimensions of customer service
CPFR
7. Networks - Complexity - Inventory Deployment - Information - Cost/Value - Organizational Relationships - Performance Measurement - Technology - Transportation Management - Supply Chain Security
Supply Chain Issues
FOB
Types of Forecasts
MRP
8. Deregulation: Transportation - Communications - and Financial Institutions
3rd Party Logistics
ABC Activity-Based Costing
Collaborative Example
Government Regulations and Policy Force
9. Coordination and Integration can reduce the inventory level on horizontal and vertical levels in the SC. (the bullwhip effect [when inventory is duplicated])
Internal Metrics
Technology Force
Inventory Deployment Issue
WMS
10. Channel Satisfaction - Transaction Cost and Revenue - Logistics Operations - Logistics Service
WMS
Categories of Logistics Quantification Pyramid
DRP
Horizontal Relationships
11. Efficiency (cost) and effectiveness (value). A challenge for SCs is the prevention of sub-optimization.
FAS
Cost/Value Issue
Globalization Force
Technology Issue
12. Enlightened - Educated - easy access to Internet
Factors Affecting Demand
Empowered Customer Force
Forces Driving the Rate of Change
Performance Categories
13. Time Utility - Place Utility - Quantity Utility
Transportation Management Issue
Utility(ies) associated with Logistics
Empowered Customer Force
WMS
14. An external supplier that performs all or part of a company's logistics functions.
3rd Party Logistics
Technology Issue
Cost/Value Issue
Top US trading partners
15. Vendor
16. Providing time and place utility/value of materials and products in support of Functional management organization objectives.
Service Logistics
Physical Distribution
Component Support
Balancing Supply/Demand
17. Reduced complexity - reduced product life cycle - more volatility - organizational structures frequently change.
Form Utility Definition
Vertical Relationship
Global Markets Characteristics
C-TPAT
18. Time - Quality - Cost - Supporting Metrics
WMS
Dimensions of customer service
Inbound
Performance Categories
19. Right product - right time - right quantity - right quality - right cost - right destination
Transportation Management Issue
Factors Affecting Demand
4PL
Logistics
20. Management of materials in motion and at rest.
Logistics Management
Inventory
Supply Chain
Strategic Example
21. Sales and Order Processing
Supply Chain Definition
Technology Force
Inventory Deployment Issue
S&OP
22. Increased complexity for organizations (from SKUs to trade regulations) is a problem. Organizations should simplify.
C-TPAT
Internal Metrics
Global Markets Characteristics
Complexity Issue
23. Acquisition - scheduling and management of the facilities/ assets - personnel and materials to support and sustain a service operation or business.
Service Logistics
Event Logistics
Organizational Relationships Issue
Government Regulations and Policy Force
24. Critical part of global supply chains
Strategic Role of I.T.
Globalization Force
Event Logistics
Ports
25. The ________ is associated with downstream activities.
Order Cycle Time
Organizational Consolidation Force
Logistics
Supply Chain
26. 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
Supply Chain Network Issue
Forces Driving the Rate of Change
Common Culture
Service Logistics
27. 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
Business Logistics
Globalization Force
Organizational Relationships Issue
Two Phases of order mgmt.
28. Supplies expertise to international shippers. Consolidate small shipments. Derives income from fees for service.
Empowered Customer Force
Performance Categories
Freight Forwarder
Utility(ies) associated with Logistics
29. Value added to goods through a manufacturing or assembly process.
Arm's Length
Cost/Value Issue
Form Utility Definition
Globalization Force
30. The dual flow of Product/Services - Information - and Finances across the suppliers - distributors - manufacturers - wholesalers - and customers.
Transportation Management Issue
Forecast Errors
Integrated Supply Chain
Form Utility Definition
31. Free On Board
FOB
ABC Activity-Based Costing
CIF
Empowered Customer Force
32. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.
Supply Chain Flows
Customer Service
Utility(ies) associated with Production
Technology Force
33. Distribution Requirement Planning
Strategic Role of I.T.
DRP
CIF
CRM Customer Relationship Management
34. Plays large part in intermodal shipments.
Quantity Utility Definition
TMS
Utility(ies) associated with Marketing
Motor
35. Analyze and evaluate on organizations efficiency over a time period.
Internal Society of Logistics
Top US trading partners
Balancing Supply/Demand
Performance Measurement Issue
36. The time that elapses from when a buyer places an order until receipt of the order
Transactional Relationship
Collaborative Example
Inbound
Order Cycle Time
37. Possession Utility
Motor
Utility(ies) associated with Marketing
Organizational Consolidation Force
FOB
38. Getting the Right Things to the Right Place at the Right Time at the lowest cost.
Ocean
Logistics
Internal Metrics
Cost/Value Issue
39. Globalization - Technology - Organizational Consolidation - Empowered Customer - Government Policy and Regulation
Types of 3PLs
C-TPAT
CIF
Forces Driving the Rate of Change
40. Segment Customer Base - Identify the product service package - Develop and execute the best procedures - measure performance continuously
Immutable Laws of Collaborative Logistics
Motor
Logistics Activities
Steps in implementing CRM
41. Adding value to products by making them available when they're needed.
Immutable Laws of Collaborative Logistics
Time Utility Definition
Transportation Management Issue
Global Markets Characteristics
42. Procurement and Manufacturing - value adding activities
Four Subdivisions of Logistics
Forecasting
Collaborative Example
Government Regulations and Policy Force
43. Free Alongside Ship
Vertical Relationship
FAS
Collaborative Example
Top US exports to China
44. Processes for developing and implementing successful relationship
Common Culture
Performance Categories
Supply Chain Relationship
FOB
45. Product/Service - Information - Finance
Form Utility Definition
Inventory Deployment Issue
ERP
Supply Chain Flows
46. Management of Product/Service - Information - and Cash Flows.
3rd Party Logistics
Performance Categories
Supply Chain Issues
Supply Chain Definition
47. Concern and potential challenge since 9/11. Must be prepared for terrorist attack.
S&OP
Cost/Value Issue
Inventory Deployment Issue
Supply Chain Security Issue
48. External - Balancing - Price & Lead Time - Internal - Internal Balancing & Inventory/Production flexibility
Collaborative Example
Balancing Supply/Demand
Strategic Relationship
Immutable Laws of Collaborative Logistics
49. Two or more business orgs cooperate and willingly modify their business objectives and practices to help achieve long-term goals.
Transportation Management Issue
Collaborative Relationship
Performance Measurement Issue
Physical Distribution
50. Export goods and services to overseas buyers and handles most of the export arrangements.
Export Trading Companies
CPFR
Utility(ies) associated with Production
Logistics