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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. Distribution Requirement Planning
Customer (7 R's of logistics)
DRP
Dimensions of customer service
Top US imports from China
2. Marketing - Manufacturing/operations - Finance - Accounting
Inventory
CIF
The Micro Dimension
Types of Forecasts
3. Enlightened - Educated - easy access to Internet
Inventory Deployment Issue
Logistics Activities
Empowered Customer Force
Strategic Relationship
4. Right: information - partner - quantity - format - time - place - cost
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5. 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.
Service Logistics
Place Utility Definition
Internal Society of Logistics
Information Issue
6. Reduced complexity - reduced product life cycle - more volatility - organizational structures frequently change.
Inventory
Information Issue
Council of Supply Chain Management
Global Markets Characteristics
7. Free On Board
Possession Utility
Globalization Force
FOB
Outbound
8. The network facilities and supporting transportation is important. It must be capable and able to respond to change in the marketplace.
Air
Global Markets Characteristics
Supply Chain Network Issue
Export Trading Companies
9. Value added by delivering the proper amount of a good.
NAFTA
Supply Chain Flows
Government Regulations and Policy Force
Quantity Utility Definition
10. Acquisition - scheduling and management of the facilities/ assets - personnel and materials to support and sustain a service operation or business.
Motor
Service Logistics
3rd Party Logistics
Air
11. Procurement and Manufacturing - value adding activities
Logistics
Forecasting
Arm's Length
Four Subdivisions of Logistics
12. Getting the Right Things to the Right Place at the Right Time at the lowest cost.
Horizontal Relationships
Types of 3PLs
Customer (7 R's of logistics)
Logistics
13. Time Utility - Place Utility - Quantity Utility
The Micro Dimension
Balancing Supply/Demand
Globalization Force
Utility(ies) associated with Logistics
14. Canada - China - Mexico
Globalization Force
Order Cycle Time
Top US trading partners
Organizational Consolidation Force
15. Possession Utility
Common Culture
Forecasting
Utility(ies) associated with Marketing
Export Management Companies
16. Efficiency (cost) and effectiveness (value). A challenge for SCs is the prevention of sub-optimization.
Place Utility Definition
Time Utility Definition
Form Utility Definition
Cost/Value Issue
17. Deregulation: Transportation - Communications - and Financial Institutions
Utility(ies) associated with Production
Government Regulations and Policy Force
Categories of Logistics Quantification Pyramid
TMS
18. Delivered Duty Paid
DDP
Forecast Errors
Inventory
Common Culture
19. Channel Satisfaction - Transaction Cost and Revenue - Logistics Operations - Logistics Service
Categories of Logistics Quantification Pyramid
CIF
Supply Chain
Utility(ies) associated with Logistics
20. The design and integration of all aspects of support for the operational capability of the military forces and their equipment to ensure readiness - reliability and efficiency.
Possession Utility
CFR
Military Logistics
Order Cycle Time
21. Adding value to products by having them where people want them.
Place Utility Definition
Logistics Activities
4PL
Ports
22. The management of the movement of materials and information within - into - and out of the firm
Internal Metrics
Technology Force
Collaborative Example
Logistics Management
23. Transportation - Warehousing and storage - Industrial packaging - Materials handling - Inventory control - Order fulfillment - Demand forecasting - Production planning/scheduling - Procurement - Customer service - Facility location - Return goods han
Logistics Activities
Organizational Consolidation Force
WMS
CIF
24. Networks - Complexity - Inventory Deployment - Information - Cost/Value - Organizational Relationships - Performance Measurement - Technology - Transportation Management - Supply Chain Security
Global Markets Characteristics
Logistics Management
Supply Chain Issues
Arm's Length
25. Point-of-sale(POS); Collaborative planning - forecasting - and replenishment(CPFR); Vendor-managed inventory (VMI)
R's of Information
Place Utility Definition
Organizational Consolidation Force
DDP
26. Globalization - Technology - Organizational Consolidation - Empowered Customer - Government Policy and Regulation
FOB
Forces Driving the Rate of Change
Business Logistics
Customer Service
27. Simple moving average - Weighted Moving average - Exponential Smoothing - Adjusted Exponential Smoothing for Trend - Seasonal Influences
Horizontal Relationships
Complexity Issue
Ports
Types of Forecasts
28. Order Fill Rate - Perfect Order
DDP
Supply Chain Security Issue
External Metrics
Inventory Deployment Issue
29. Anything that touches the customer
Customer Service
Empowered Customer Force
Order Cycle Time
Freight Forwarder
30. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.
Inbound
Technology Force
DRP
Top US trading partners
31. CFE - MSE - MAD - MAPE
Customer Service
Export Trading Companies
Forecast Errors
Business Logistics
32. Reliability - Responsiveness - Flexibility - Cost - Assets
Major categories of metrics
FAS
External Metrics
Information Issue
33. Value added to goods through a manufacturing or assembly process.
Categories of Logistics Quantification Pyramid
CPFR
Globalization Force
Form Utility Definition
34. Random Variation - Trend - Seasonal Patterns - Normal Business Cycle
Steps in implementing CRM
Factors Affecting Demand
MRP
Strategic Example
35. Business Logistics - Military Logistics - Event Logistics - Service Logistics
Four Subdivisions of Logistics
Forecast Errors
Dimensions of customer service
Top US imports from China
36. Providing time and place utility/value of materials and products in support of Functional management organization objectives.
Inventory Deployment Issue
Logistics Management
Ocean
Component Support
37. Electrical Machinery - Power Generation Equipment
Horizontal Relationships
Place Utility Definition
Categories of Logistics Quantification Pyramid
Top US exports to China
38. Both parties in a vendor relational are said to be at "arm's" length.
Service Logistics
Internal Society of Logistics
Transactional Relationship
Customer Service
39. Partner
Performance Categories
Factors Affecting Demand
Collaborative Example
FOB
40. External - Balancing - Price & Lead Time - Internal - Internal Balancing & Inventory/Production flexibility
Balancing Supply/Demand
Organizational Relationships Issue
Information Issue
Four Subdivisions of Logistics
41. Two or more business orgs cooperate and willingly modify their business objectives and practices to help achieve long-term goals.
Supply Chain Network Issue
Collaborative Relationship
Value Added Role of Logistics (5 types of utility)
C-TPAT
42. Cost and Freight
Supply Chain Definition
Ports
CFR
Information Requirements
43. Vendor
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44. Time - Quality - Cost - Supporting Metrics
Performance Categories
Top US exports to China
Information Issue
Collaborative Example
45. Free Alongside Ship
FAS
Globalization Force
Performance Measurement Issue
Immutable Laws of Collaborative Logistics
46. Form Utility
Information Requirements
Logistics Management
Supply Chain Security Issue
Utility(ies) associated with Production
47. Strategically positioning customers to improve the profitability of the organization and enhance its relationship with its customer base
CIF
Supply Chain
Outbound
CRM Customer Relationship Management
48. Critical part of global supply chains
Forces Driving the Rate of Change
DRP
Ports
Categories of Logistics Quantification Pyramid
49. 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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50. Transportation Management System
Organizational Relationships Issue
TMS
Outbound
FAS