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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. Free On Board
Forces Driving the Rate of Change
Supply Chain Security Issue
Performance Categories
FOB
2. The management of the movement of materials and information within - into - and out of the firm
Top US trading partners
Major categories of metrics
Logistics Management
Forces Driving the Rate of Change
3. Form Utility
Utility(ies) associated with Production
DDP
Performance Categories
DRP
4. 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).
Transactional Relationship
Freight Forwarder
Event Logistics
Four Subdivisions of Logistics
5. Value added by delivering the proper amount of a good.
Quantity Utility Definition
Military Logistics
Forces Driving the Rate of Change
Transportation Management Issue
6. Random Variation - Trend - Seasonal Patterns - Normal Business Cycle
Value Added Role of Logistics (5 types of utility)
FAS
Supply Chain Issues
Factors Affecting Demand
7. 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 Relationship
Major categories of metrics
Two Phases of order mgmt.
Business Logistics
8. Management of Product/Service - Information - and Cash Flows.
Transportation Management Issue
FAS
Dimensions of customer service
Supply Chain Definition
9. Plays large part in intermodal shipments.
Motor
Logistics Activities
Integrated Supply Chain
ERP
10. Electrical Machinery - Power Generation Equipment.
Export Trading Companies
Balancing Supply/Demand
Strategic Relationship
Top US imports from China
11. Refer to the traditional linkages between firms in the supply chain such as retailers - distributors - manufacturers - and parts and materials suppliers
Internal Society of Logistics
Vertical Relationship
Ports
Immutable Laws of Collaborative Logistics
12. Supplies expertise to international shippers. Consolidate small shipments. Derives income from fees for service.
Performance Measurement Issue
Collaborative Relationship
Freight Forwarder
Possession Utility
13. Anything that touches the customer
CIF
Outbound
Customer Service
Event Logistics
14. Represents an alternative that may imply even greater involvement than the partnership or strategic alliance
Strategic Relationship
TMS
Cost/Value Issue
Horizontal Relationships
15. Form - Time - Place - Quantity - Possession
Order Cycle Time
Value Added Role of Logistics (5 types of utility)
Dimensions of customer service
Globalization Force
16. External - Balancing - Price & Lead Time - Internal - Internal Balancing & Inventory/Production flexibility
Common Culture
Balancing Supply/Demand
ERP
ABC Activity-Based Costing
17. Time - Quality - Cost - Supporting Metrics
Supply Chain
Component Support
Performance Categories
Logistics Management
18. Transportation-based - Warehouse/distribution-based - Forwarder-based - Shipper/management-based - Financial-based - Information-based firms
Types of 3PLs
Internal Metrics
Global Markets Characteristics
MRP
19. Point-of-sale(POS); Collaborative planning - forecasting - and replenishment(CPFR); Vendor-managed inventory (VMI)
Organizational Consolidation Force
Value Added Role of Logistics (5 types of utility)
4PL
Possession Utility
20. 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
Internal Society of Logistics
Collaborative Relationship
Types of Forecasts
21. Increased complexity for organizations (from SKUs to trade regulations) is a problem. Organizations should simplify.
Collaborative Example
Complexity Issue
Cost/Value Issue
Strategic Role of I.T.
22. Strategically positioning customers to improve the profitability of the organization and enhance its relationship with its customer base
CRM Customer Relationship Management
Time Utility Definition
Freight Forwarder
ROA
23. Cost - Insurance - and Freight
Component Support
Empowered Customer Force
CIF
Supply Chain
24. Producer to Store - servicing the customer
Government Regulations and Policy Force
Outbound
Technology Issue
Supply Chain Flows
25. Enlightened - Educated - easy access to Internet
Utility(ies) associated with Logistics
Empowered Customer Force
Place Utility Definition
Vertical Relationship
26. Networks - Complexity - Inventory Deployment - Information - Cost/Value - Organizational Relationships - Performance Measurement - Technology - Transportation Management - Supply Chain Security
Order Cycle Time
Utility(ies) associated with Logistics
Internal Society of Logistics
Supply Chain Issues
27. Acquisition - scheduling and management of the facilities/ assets - personnel and materials to support and sustain a service operation or business.
Supply Chain Flows
Service Logistics
ABC Activity-Based Costing
Top US imports from China
28. Getting the Right Things to the Right Place at the Right Time at the lowest cost.
Outbound
Export Trading Companies
Logistics
Form Utility Definition
29. Export goods and services to overseas buyers and handles most of the export arrangements.
Internal Metrics
Export Trading Companies
ABC Activity-Based Costing
Transactional Relationship
30. Management of materials in motion and at rest.
Value Added Role of Logistics (5 types of utility)
Performance Categories
Inventory
Supply Chain Security Issue
31. How firms in this industry create value for their commercial clients
ABC Activity-Based Costing
Third Party Logistics Industry
Air
Export Trading Companies
32. Act as agents for domestic firms in the international arena.
Ocean
Third Party Logistics Industry
Export Management Companies
Dimensions of customer service
33. Two or more business orgs cooperate and willingly modify their business objectives and practices to help achieve long-term goals.
Supply Chain Relationship
Inbound
CFR
Collaborative Relationship
34. Deregulation: Transportation - Communications - and Financial Institutions
MRP
Government Regulations and Policy Force
Utility(ies) associated with Production
NAFTA
35. North American Free Trade Agreement. Establishes free trade between US - Canada - and Mexico
Council of Supply Chain Management
NAFTA
Physical Distribution
Types of 3PLs
36. Customers trade partnership against terrorism
4PL
C-TPAT
Internal Society of Logistics
Inbound
37. Electrical Machinery - Power Generation Equipment
Event Logistics
Top US exports to China
Types of 3PLs
Organizational Relationships Issue
38. Efficiency (cost) and effectiveness (value). A challenge for SCs is the prevention of sub-optimization.
Types of Forecasts
Logistics Management
Value Added Role of Logistics (5 types of utility)
Cost/Value Issue
39. Value added to goods through a manufacturing or assembly process.
Form Utility Definition
R's of Information
Factors Affecting Demand
MRP
40. Focuses on the outbound side of of a firm's logistics system.
Physical Distribution
Empowered Customer Force
Export Management Companies
Air
41. Adding value to products by having them where people want them.
R's of Information
Export Management Companies
Air
Place Utility Definition
42. Canada - China - Mexico
Top US trading partners
Information Requirements
Four Subdivisions of Logistics
Top US exports to China
43. 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
Council of Supply Chain Management
C-TPAT
Top US imports from China
44. Fast - high rate
Inbound
Physical Distribution
DDP
Air
45. Processes for developing and implementing successful relationship
Supply Chain Relationship
Empowered Customer Force
Logistics Activities
DDP
46. An external supplier that performs all or part of a company's logistics functions.
Global Markets Characteristics
Internal Society of Logistics
3rd Party Logistics
Supply Chain Issues
47. Transportation Management System
FOB
TMS
C-TPAT
Forces Driving the Rate of Change
48. Delivered Duty Paid
DDP
Supply Chain Issues
Internal Society of Logistics
3rd Party Logistics
49. Coordination and Integration can reduce the inventory level on horizontal and vertical levels in the SC. (the bullwhip effect [when inventory is duplicated])
Horizontal Relationships
Cost/Value Issue
Inventory
Inventory Deployment Issue
50. Product/Service - Information - Finance
DDP
Supply Chain Flows
Vertical Relationship
Outbound
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