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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. 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.
Utility(ies) associated with Production
Logistics
Information Issue
C-TPAT
2. Enterprise Resource Planning
Collaborative Relationship
FOB
ERP
FAS
3. Form Utility
Utility(ies) associated with Production
Logistics Management
Complexity Issue
MRP
4. External - Balancing - Price & Lead Time - Internal - Internal Balancing & Inventory/Production flexibility
Balancing Supply/Demand
CRM Customer Relationship Management
Forces Driving the Rate of Change
Technology Force
5. Partner
Internal Society of Logistics
Integrated Supply Chain
Collaborative Example
WMS
6. Adding value to products by having them where people want them.
Types of 3PLs
FAS
ABC Activity-Based Costing
Place Utility Definition
7. Primarily created through the basic marketing activities related to the promotion of products and services -
Inbound
Ocean
DRP
Possession Utility
8. Procurement and Manufacturing - value adding activities
4PL
Forces Driving the Rate of Change
Supply Chain Definition
Inbound
9. Deregulation: Transportation - Communications - and Financial Institutions
Government Regulations and Policy Force
ABC Activity-Based Costing
Air
WMS
10. Form - Time - Place - Quantity - Possession
DDP
S&OP
Strategic Example
Value Added Role of Logistics (5 types of utility)
11. Anything that touches the customer
Customer Service
Categories of Logistics Quantification Pyramid
C-TPAT
ROA
12. Warehouse Management System
Supply Chain Issues
WMS
Transportation Management Issue
Common Culture
13. Growth to a global or worldwide scale. Important Issues in a SC: More volatile supply and demand - shorter product lifetimes - blurring of organizational boundaries.
Forecast Errors
Globalization Force
Common Culture
Export Management Companies
14. Time - Dependability - Communications - Convenience
3rd Party Logistics
Two Phases of order mgmt.
CRM Customer Relationship Management
Dimensions of customer service
15. Reduced complexity - reduced product life cycle - more volatility - organizational structures frequently change.
Strategic Role of I.T.
Transportation Management Issue
Global Markets Characteristics
R's of Information
16. Distribution Requirement Planning
Order Cycle Time
Global Markets Characteristics
DRP
External Metrics
17. An external supplier that performs all or part of a company's logistics functions.
3rd Party Logistics
Supply Chain Network Issue
Outbound
Steps in implementing CRM
18. Coordination and Integration can reduce the inventory level on horizontal and vertical levels in the SC. (the bullwhip effect [when inventory is duplicated])
Common Culture
Transactional Relationship
Global Markets Characteristics
Inventory Deployment Issue
19. Management of materials in motion and at rest.
Third Party Logistics Industry
Business Logistics
Inventory
ABC Activity-Based Costing
20. Influencing the order - order execution
Globalization Force
Two Phases of order mgmt.
CRM Customer Relationship Management
Inventory Deployment Issue
21. Right: information - partner - quantity - format - time - place - cost
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22. CFE - MSE - MAD - MAPE
Top US exports to China
Steps in implementing CRM
Forecast Errors
Order Cycle Time
23. Export goods and services to overseas buyers and handles most of the export arrangements.
Export Trading Companies
Dimensions of customer service
Categories of Logistics Quantification Pyramid
FAS
24. The branch of military science having to do with procuring - maintaining - utility/value and transporting material - personnel - and facilities
Value Added Role of Logistics (5 types of utility)
Internal Society of Logistics
Inbound
Logistics
25. Critical part of global supply chains
Ports
Factors Affecting Demand
Logistics Activities
Supply Chain
26. Possession Utility
Cost/Value Issue
Empowered Customer Force
Collaborative Example
Utility(ies) associated with Marketing
27. Reliability - Responsiveness - Flexibility - Cost - Assets
Government Regulations and Policy Force
Motor
Transportation Management Issue
Major categories of metrics
28. Business Logistics - Military Logistics - Event Logistics - Service Logistics
Four Subdivisions of Logistics
Technology Force
Component Support
S&OP
29. Relevant - Accurate - Accessible - Timely - Transferable
C-TPAT
CPFR
Place Utility Definition
Information Requirements
30. The management of the movement of materials and information within - into - and out of the firm
Freight Forwarder
C-TPAT
Logistics Management
CRM Customer Relationship Management
31. Cost and Freight
Customer Service
Event Logistics
ERP
CFR
32. Point-of-sale(POS); Collaborative planning - forecasting - and replenishment(CPFR); Vendor-managed inventory (VMI)
C-TPAT
Time Utility Definition
Inbound
Organizational Consolidation Force
33. The most pervasive and important global shipment method. Low rates - wide variety of products
Customer Service
Ocean
4PL
3rd Party Logistics
34. Materials Requirement Planning
MRP
Transportation Management Issue
Component Support
Performance Measurement Issue
35. 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
Two Phases of order mgmt.
Logistics
Strategic Role of I.T.
FOB
36. Influences product availability
FAS
Horizontal Relationships
Common Culture
Order Cycle Time
37. 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
Time Utility Definition
Physical Distribution
Logistics Management
38. Getting the Right Things to the Right Place at the Right Time at the lowest cost.
Collaborative Example
Strategic Example
Logistics
Logistics Management
39. Analyze and evaluate on organizations efficiency over a time period.
Strategic Relationship
Performance Categories
Component Support
Performance Measurement Issue
40. 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
S&OP
DRP
Performance Categories
41. Challenge is to evaluate and successfully implement the technology
Technology Issue
Value Added Role of Logistics (5 types of utility)
Steps in implementing CRM
Form Utility Definition
42. Act as agents for domestic firms in the international arena.
Export Management Companies
Vertical Relationship
Place Utility Definition
FOB
43. Acquisition - scheduling and management of the facilities/ assets - personnel and materials to support and sustain a service operation or business.
Air
Service Logistics
Export Management Companies
Forecast Errors
44. Fast - high rate
Military Logistics
Air
Component Support
Motor
45. Plays large part in intermodal shipments.
Empowered Customer Force
Motor
Internal Society of Logistics
Order Cycle Time
46. Transportation-based - Warehouse/distribution-based - Forwarder-based - Shipper/management-based - Financial-based - Information-based firms
Top US trading partners
CIF
Types of 3PLs
Inventory
47. How firms in this industry create value for their commercial clients
Third Party Logistics Industry
Categories of Logistics Quantification Pyramid
Business Logistics
ROA
48. Electrical Machinery - Power Generation Equipment.
FOB
Collaborative Relationship
ERP
Top US imports from China
49. Networks - Complexity - Inventory Deployment - Information - Cost/Value - Organizational Relationships - Performance Measurement - Technology - Transportation Management - Supply Chain Security
Customer (7 R's of logistics)
Supply Chain Issues
Information Issue
Common Culture
50. Order Fill Rate - Perfect Order
External Metrics
Supply Chain
Order Cycle Time
Global Markets Characteristics