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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. Value added by delivering the proper amount of a good.
Air
Third Party Logistics Industry
Transactional Relationship
Quantity Utility Definition
2. Time Utility - Place Utility - Quantity Utility
Utility(ies) associated with Logistics
Complexity Issue
C-TPAT
Types of Forecasts
3. Focuses on the outbound side of of a firm's logistics system.
Technology Force
Physical Distribution
Customer Service
Common Culture
4. Adding value to products by having them where people want them.
Place Utility Definition
Information Requirements
TMS
MRP
5. Strategically positioning customers to improve the profitability of the organization and enhance its relationship with its customer base
Collaborative Relationship
CRM Customer Relationship Management
FAS
Organizational Relationships Issue
6. Partner
Supply Chain Definition
Supply Chain
Government Regulations and Policy Force
Collaborative Example
7. Order Fill Rate - Perfect Order
External Metrics
Ports
Information Requirements
R's of Information
8. Sales and Order Processing
ERP
Two Phases of order mgmt.
Motor
S&OP
9. Time - Quality - Cost - Supporting Metrics
Organizational Relationships Issue
Performance Categories
Immutable Laws of Collaborative Logistics
Types of Forecasts
10. 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
Common Culture
Categories of Logistics Quantification Pyramid
The Micro Dimension
Strategic Role of I.T.
11. Providing time and place utility/value of materials and products in support of Functional management organization objectives.
Forces Driving the Rate of Change
Four Subdivisions of Logistics
Component Support
Place Utility Definition
12. Electrical Machinery - Power Generation Equipment
Top US exports to China
4PL
Cost/Value Issue
Inventory
13. Free On Board
Integrated Supply Chain
R's of Information
FOB
Performance Measurement Issue
14. Producer to Store - servicing the customer
Forces Driving the Rate of Change
Forecast Errors
Outbound
Council of Supply Chain Management
15. Segment Customer Base - Identify the product service package - Develop and execute the best procedures - measure performance continuously
Component Support
Information Issue
Forecasting
Steps in implementing CRM
16. Strategic Alliance
Strategic Example
Ocean
Order Cycle Time
Internal Metrics
17. Globalization - Technology - Organizational Consolidation - Empowered Customer - Government Policy and Regulation
Forces Driving the Rate of Change
Internal Metrics
Major categories of metrics
Vertical Relationship
18. Both parties in a vendor relational are said to be at "arm's" length.
Inbound
Value Added Role of Logistics (5 types of utility)
Inventory
Transactional Relationship
19. Form Utility
Categories of Logistics Quantification Pyramid
Logistics Management
WMS
Utility(ies) associated with Production
20. Cost and Freight
Collaborative Relationship
Component Support
Common Culture
CFR
21. Two or more business orgs cooperate and willingly modify their business objectives and practices to help achieve long-term goals.
Component Support
Types of 3PLs
Two Phases of order mgmt.
Collaborative Relationship
22. 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
Possession Utility
Supply Chain Relationship
Component Support
23. Adding value to products by making them available when they're needed.
Inventory Deployment Issue
Time Utility Definition
FOB
Business Logistics
24. Procurement and Manufacturing - value adding activities
NAFTA
Order Cycle Time
Export Trading Companies
Inbound
25. CFE - MSE - MAD - MAPE
Forecast Errors
Physical Distribution
Organizational Relationships Issue
Organizational Consolidation Force
26. Cost - Insurance - and Freight
Technology Issue
Logistics Activities
CIF
Common Culture
27. Channel Satisfaction - Transaction Cost and Revenue - Logistics Operations - Logistics Service
Top US exports to China
Steps in implementing CRM
Categories of Logistics Quantification Pyramid
Strategic Example
28. Concern and potential challenge since 9/11. Must be prepared for terrorist attack.
S&OP
Supply Chain Security Issue
Time Utility Definition
Supply Chain
29. Delivered Duty Paid
Value Added Role of Logistics (5 types of utility)
Logistics Management
Supply Chain Relationship
DDP
30. Form - Time - Place - Quantity - Possession
CFR
The Micro Dimension
Utility(ies) associated with Marketing
Value Added Role of Logistics (5 types of utility)
31. Materials Requirement Planning
Major categories of metrics
Utility(ies) associated with Marketing
Supply Chain Issues
MRP
32. Distribution Requirement Planning
CFR
Types of 3PLs
DRP
Ports
33. Business Logistics - Military Logistics - Event Logistics - Service Logistics
Four Subdivisions of Logistics
Customer Service
Top US trading partners
Supply Chain Issues
34. 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.
Freight Forwarder
Technology Issue
Motor
Information Issue
35. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.
Place Utility Definition
Outbound
Technology Force
ABC Activity-Based Costing
36. Coordination and Integration can reduce the inventory level on horizontal and vertical levels in the SC. (the bullwhip effect [when inventory is duplicated])
Business Logistics
ABC Activity-Based Costing
S&OP
Inventory Deployment Issue
37. 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.
4PL
Steps in implementing CRM
Top US exports to China
Physical Distribution
38. How firms in this industry create value for their commercial clients
Transportation Management Issue
MRP
Supply Chain Security Issue
Third Party Logistics Industry
39. North American Free Trade Agreement. Establishes free trade between US - Canada - and Mexico
Cost/Value Issue
Logistics Management
Strategic Relationship
NAFTA
40. 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.
Quantity Utility Definition
Customer (7 R's of logistics)
ERP
Military Logistics
41. Time - Dependability - Communications - Convenience
Dimensions of customer service
Logistics Management
Ports
Steps in implementing CRM
42. Measures cost and performance of activities.
Utility(ies) associated with Marketing
WMS
ERP
ABC Activity-Based Costing
43. Reduced complexity - reduced product life cycle - more volatility - organizational structures frequently change.
Performance Measurement Issue
Two Phases of order mgmt.
FAS
Global Markets Characteristics
44. Refer to the traditional linkages between firms in the supply chain such as retailers - distributors - manufacturers - and parts and materials suppliers
Supply Chain Definition
Supply Chain Issues
Categories of Logistics Quantification Pyramid
Vertical Relationship
45. Export goods and services to overseas buyers and handles most of the export arrangements.
Place Utility Definition
Utility(ies) associated with Logistics
Export Trading Companies
Supply Chain
46. Acquisition - scheduling and management of the facilities/ assets - personnel and materials to support and sustain a service operation or business.
DDP
Organizational Relationships Issue
4PL
Service Logistics
47. Vendor
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48. Anything that touches the customer
Categories of Logistics Quantification Pyramid
4PL
Inventory Deployment Issue
Customer Service
49. 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
Arm's Length
Immutable Laws of Collaborative Logistics
Internal Metrics
Balancing Supply/Demand
50. Analyze and evaluate on organizations efficiency over a time period.
Performance Measurement Issue
Strategic Role of I.T.
Performance Categories
Value Added Role of Logistics (5 types of utility)