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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. North American Free Trade Agreement. Establishes free trade between US - Canada - and Mexico
NAFTA
Third Party Logistics Industry
Organizational Consolidation Force
Utility(ies) associated with Production
2. Globalization - Technology - Organizational Consolidation - Empowered Customer - Government Policy and Regulation
Forces Driving the Rate of Change
Logistics
CFR
Arm's Length
3. Transportation Management System
Council of Supply Chain Management
TMS
ROA
Time Utility Definition
4. Cost and Freight
CFR
Organizational Relationships Issue
Event Logistics
Immutable Laws of Collaborative Logistics
5. Acquisition - scheduling and management of the facilities/ assets - personnel and materials to support and sustain a service operation or business.
Air
Factors Affecting Demand
Arm's Length
Service Logistics
6. Getting the Right Things to the Right Place at the Right Time at the lowest cost.
Transactional Relationship
Logistics
Supply Chain Security Issue
Common Culture
7. The management of the movement of materials and information within - into - and out of the firm
Possession Utility
Forecasting
Dimensions of customer service
Logistics Management
8. Warehouse Management System
Performance Measurement Issue
WMS
Outbound
Customer Service
9. Collaborative Planning - Forecasting - and Replenishment
Customer Service
Transactional Relationship
Balancing Supply/Demand
CPFR
10. Management of materials in motion and at rest.
Top US trading partners
Value Added Role of Logistics (5 types of utility)
Export Management Companies
Inventory
11. 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.
Information Issue
Collaborative Relationship
Transactional Relationship
Organizational Consolidation Force
12. Point-of-sale(POS); Collaborative planning - forecasting - and replenishment(CPFR); Vendor-managed inventory (VMI)
Organizational Consolidation Force
Place Utility Definition
Forces Driving the Rate of Change
Component Support
13. Analyze and evaluate on organizations efficiency over a time period.
Top US trading partners
Performance Measurement Issue
Transactional Relationship
Internal Society of Logistics
14. CFE - MSE - MAD - MAPE
Form Utility Definition
Air
Global Markets Characteristics
Forecast Errors
15. Delivered Duty Paid
Service Logistics
FAS
Horizontal Relationships
DDP
16. Return on Assets.
Supply Chain Definition
Transactional Relationship
ROA
WMS
17. Two or more business orgs cooperate and willingly modify their business objectives and practices to help achieve long-term goals.
Export Trading Companies
TMS
Balancing Supply/Demand
Collaborative Relationship
18. Enterprise Resource Planning
Form Utility Definition
C-TPAT
ERP
Internal Society of Logistics
19. 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.
CIF
Form Utility Definition
Major categories of metrics
4PL
20. 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
Supply Chain
Quantity Utility Definition
Business Logistics
Strategic Role of I.T.
21. Represents an alternative that may imply even greater involvement than the partnership or strategic alliance
Strategic Relationship
CFR
Government Regulations and Policy Force
Ports
22. Critical part of global supply chains
C-TPAT
Ports
Component Support
Business Logistics
23. Coordination and Integration can reduce the inventory level on horizontal and vertical levels in the SC. (the bullwhip effect [when inventory is duplicated])
Supply Chain Relationship
Transportation Management Issue
Order Cycle Time
Inventory Deployment Issue
24. External - Balancing - Price & Lead Time - Internal - Internal Balancing & Inventory/Production flexibility
Balancing Supply/Demand
Business Logistics
The Micro Dimension
Customer (7 R's of logistics)
25. Order Fill Rate - Perfect Order
R's of Information
Utility(ies) associated with Production
External Metrics
Top US imports from China
26. Both parties in a vendor relational are said to be at "arm's" length.
Supply Chain Network Issue
ABC Activity-Based Costing
Freight Forwarder
Transactional Relationship
27. Procurement and Manufacturing - value adding activities
DDP
Strategic Example
External Metrics
Inbound
28. 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
Strategic Example
Performance Categories
Common Culture
Dimensions of customer service
29. Export goods and services to overseas buyers and handles most of the export arrangements.
Freight Forwarder
Export Trading Companies
4PL
C-TPAT
30. Focuses on the outbound side of of a firm's logistics system.
Physical Distribution
Steps in implementing CRM
DDP
MRP
31. Producer to Store - servicing the customer
Outbound
ABC Activity-Based Costing
Top US exports to China
Cost/Value Issue
32. How firms in this industry create value for their commercial clients
Motor
Third Party Logistics Industry
NAFTA
Steps in implementing CRM
33. Business agreements between firms that have "parallel" or cooperating positions in the logistics process.
Inbound
Horizontal Relationships
Collaborative Relationship
R's of Information
34. Random Variation - Trend - Seasonal Patterns - Normal Business Cycle
Quantity Utility Definition
Transactional Relationship
Factors Affecting Demand
Utility(ies) associated with Logistics
35. Form - Time - Place - Quantity - Possession
Motor
Supply Chain Flows
Horizontal Relationships
Value Added Role of Logistics (5 types of utility)
36. Possession Utility
Ocean
Utility(ies) associated with Marketing
Physical Distribution
Order Cycle Time
37. Influences product availability
Horizontal Relationships
Collaborative Example
Order Cycle Time
Types of Forecasts
38. 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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39. The branch of military science having to do with procuring - maintaining - utility/value and transporting material - personnel - and facilities
Internal Society of Logistics
3rd Party Logistics
ROA
Empowered Customer Force
40. Materials Requirement Planning
Value Added Role of Logistics (5 types of utility)
Top US trading partners
Supply Chain
MRP
41. Value added by delivering the proper amount of a good.
DDP
Air
Quantity Utility Definition
Common Culture
42. Reduced complexity - reduced product life cycle - more volatility - organizational structures frequently change.
Global Markets Characteristics
NAFTA
Ocean
Strategic Example
43. 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
DDP
Air
Factors Affecting Demand
44. Processes for developing and implementing successful relationship
Utility(ies) associated with Production
Supply Chain Relationship
Quantity Utility Definition
Internal Metrics
45. The dual flow of Product/Services - Information - and Finances across the suppliers - distributors - manufacturers - wholesalers - and customers.
Types of 3PLs
Global Markets Characteristics
Vertical Relationship
Integrated Supply Chain
46. Form Utility
Physical Distribution
Supply Chain Definition
Place Utility Definition
Utility(ies) associated with Production
47. Reliability - Responsiveness - Flexibility - Cost - Assets
Collaborative Relationship
Major categories of metrics
Organizational Relationships Issue
Freight Forwarder
48. Act as agents for domestic firms in the international arena.
Two Phases of order mgmt.
Supply Chain Relationship
CPFR
Export Management Companies
49. Adding value to products by making them available when they're needed.
Types of Forecasts
Supply Chain Definition
Time Utility Definition
Forecasting
50. Procurement and Manufacturing - value adding activities
Supply Chain
Forecasting
Steps in implementing CRM
Horizontal Relationships