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Test your basic knowledge |
Business Logistics Management
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Subject
:
business-skills
Instructions:
Answer 50 questions in 15 minutes.
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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. The network facilities and supporting transportation is important. It must be capable and able to respond to change in the marketplace.
Globalization Force
Supply Chain Network Issue
Technology Force
R's of Information
2. Focuses on the outbound side of of a firm's logistics system.
Military Logistics
WMS
Physical Distribution
Supply Chain Issues
3. The management of the movement of materials and information within - into - and out of the firm
Time Utility Definition
Logistics Management
Customer (7 R's of logistics)
WMS
4. Right: information - partner - quantity - format - time - place - cost
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5. CFE - MSE - MAD - MAPE
Third Party Logistics Industry
Empowered Customer Force
MRP
Forecast Errors
6. How firms in this industry create value for their commercial clients
Order Cycle Time
Third Party Logistics Industry
CFR
Performance Categories
7. Critical part of global supply chains
Ports
Top US imports from China
4PL
3rd Party Logistics
8. 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
4PL
Arm's Length
Immutable Laws of Collaborative Logistics
Information Issue
9. Procurement and Manufacturing - value adding activities
R's of Information
Common Culture
Inbound
Major categories of metrics
10. Fast - high rate
Air
Form Utility Definition
C-TPAT
FAS
11. Both parties in a vendor relational are said to be at "arm's" length.
Supply Chain
Technology Force
Possession Utility
Transactional Relationship
12. Reliability - Responsiveness - Flexibility - Cost - Assets
S&OP
Major categories of metrics
Top US imports from China
Performance Measurement Issue
13. 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.
Logistics Activities
Balancing Supply/Demand
Information Issue
Integrated Supply Chain
14. Distribution Requirement Planning
ERP
Military Logistics
Motor
DRP
15. Strategically positioning customers to improve the profitability of the organization and enhance its relationship with its customer base
CRM Customer Relationship Management
Balancing Supply/Demand
Top US imports from China
Collaborative Relationship
16. 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
FOB
Common Culture
CIF
Time Utility Definition
17. Vendor
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18. Time Utility - Place Utility - Quantity Utility
Immutable Laws of Collaborative Logistics
Place Utility Definition
Utility(ies) associated with Logistics
Possession Utility
19. Efficiency (cost) and effectiveness (value). A challenge for SCs is the prevention of sub-optimization.
Cost/Value Issue
Strategic Example
Supply Chain Network Issue
Categories of Logistics Quantification Pyramid
20. Networks - Complexity - Inventory Deployment - Information - Cost/Value - Organizational Relationships - Performance Measurement - Technology - Transportation Management - Supply Chain Security
Order Cycle Time
Supply Chain Issues
Strategic Relationship
Steps in implementing CRM
21. North American Free Trade Agreement. Establishes free trade between US - Canada - and Mexico
NAFTA
Order Cycle Time
Globalization Force
Supply Chain Security Issue
22. Canada - China - Mexico
Top US trading partners
Council of Supply Chain Management
Logistics Activities
Vertical Relationship
23. The art and science of management - engineering - and technical activities concerned with requirements - design - and supplying and maintaining resources to support objectives - plans - and operations.
Council of Supply Chain Management
Top US imports from China
Empowered Customer Force
Ports
24. Transportation Management System
Value Added Role of Logistics (5 types of utility)
TMS
Supply Chain Definition
Form Utility Definition
25. Plays large part in intermodal shipments.
Transportation Management Issue
Motor
Ocean
CPFR
26. 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.
DRP
Complexity Issue
4PL
Event Logistics
27. Refer to the traditional linkages between firms in the supply chain such as retailers - distributors - manufacturers - and parts and materials suppliers
Supply Chain
Vertical Relationship
Types of 3PLs
Immutable Laws of Collaborative Logistics
28. Deregulation: Transportation - Communications - and Financial Institutions
Types of Forecasts
Inventory
Types of 3PLs
Government Regulations and Policy Force
29. Enlightened - Educated - easy access to Internet
CPFR
Transactional Relationship
Collaborative Example
Empowered Customer Force
30. Act as agents for domestic firms in the international arena.
Third Party Logistics Industry
Logistics
3rd Party Logistics
Export Management Companies
31. Transportation-based - Warehouse/distribution-based - Forwarder-based - Shipper/management-based - Financial-based - Information-based firms
Types of 3PLs
Internal Society of Logistics
Air
C-TPAT
32. Adding value to products by having them where people want them.
Place Utility Definition
Categories of Logistics Quantification Pyramid
Top US exports to China
Internal Society of Logistics
33. Management of materials in motion and at rest.
Information Issue
Council of Supply Chain Management
Inventory
Empowered Customer Force
34. An external supplier that performs all or part of a company's logistics functions.
Forecast Errors
ROA
3rd Party Logistics
Outbound
35. Partner
Collaborative Example
S&OP
4PL
Top US imports from China
36. Influencing the order - order execution
Form Utility Definition
Two Phases of order mgmt.
Customer (7 R's of logistics)
Strategic Example
37. Form Utility
Balancing Supply/Demand
Horizontal Relationships
Forecasting
Utility(ies) associated with Production
38. Enterprise Resource Planning
ERP
Internal Society of Logistics
Types of 3PLs
Globalization Force
39. Processes for developing and implementing successful relationship
The Micro Dimension
Technology Issue
Supply Chain Relationship
Government Regulations and Policy Force
40. Collaborative Planning - Forecasting - and Replenishment
CPFR
Order Cycle Time
Government Regulations and Policy Force
Top US exports to China
41. Product/Service - Information - Finance
S&OP
Supply Chain Flows
Information Requirements
Place Utility Definition
42. Organizations require collaboration or cooperation.
Utility(ies) associated with Logistics
Top US imports from China
Organizational Relationships Issue
TMS
43. Warehouse Management System
Service Logistics
Strategic Role of I.T.
C-TPAT
WMS
44. Segment Customer Base - Identify the product service package - Develop and execute the best procedures - measure performance continuously
Transactional Relationship
Strategic Relationship
Steps in implementing CRM
Inbound
45. Anything that touches the customer
Transportation Management Issue
Customer Service
Ocean
Types of 3PLs
46. Channel Satisfaction - Transaction Cost and Revenue - Logistics Operations - Logistics Service
Categories of Logistics Quantification Pyramid
S&OP
Supply Chain Network Issue
Inventory Deployment Issue
47. Concern and potential challenge since 9/11. Must be prepared for terrorist attack.
Supply Chain Security Issue
Internal Society of Logistics
S&OP
Ocean
48. Analyze and evaluate on organizations efficiency over a time period.
Logistics Management
Order Cycle Time
Performance Measurement Issue
MRP
49. Marketing - Manufacturing/operations - Finance - Accounting
Organizational Consolidation Force
The Micro Dimension
Forecast Errors
DDP
50. Reduced complexity - reduced product life cycle - more volatility - organizational structures frequently change.
TMS
Forces Driving the Rate of Change
Global Markets Characteristics
Integrated Supply Chain
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