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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. Transportation-based - Warehouse/distribution-based - Forwarder-based - Shipper/management-based - Financial-based - Information-based firms
Supply Chain Security Issue
ROA
Air
Types of 3PLs
2. Growth to a global or worldwide scale. Important Issues in a SC: More volatile supply and demand - shorter product lifetimes - blurring of organizational boundaries.
Collaborative Relationship
Globalization Force
Strategic Relationship
Physical Distribution
3. Anything that touches the customer
Service Logistics
Vertical Relationship
The Micro Dimension
Customer Service
4. Business Logistics - Military Logistics - Event Logistics - Service Logistics
Major categories of metrics
Integrated Supply Chain
Form Utility Definition
Four Subdivisions of Logistics
5. An external supplier that performs all or part of a company's logistics functions.
MRP
3rd Party Logistics
CRM Customer Relationship Management
Ports
6. Collaborative Planning - Forecasting - and Replenishment
Four Subdivisions of Logistics
Supply Chain Relationship
CPFR
Forecast Errors
7. The management of the movement of materials and information within - into - and out of the firm
NAFTA
Logistics Management
Transactional Relationship
DRP
8. Simple moving average - Weighted Moving average - Exponential Smoothing - Adjusted Exponential Smoothing for Trend - Seasonal Influences
Time Utility Definition
Types of Forecasts
Common Culture
Logistics Management
9. Electrical Machinery - Power Generation Equipment
Customer (7 R's of logistics)
Complexity Issue
Top US exports to China
Export Trading Companies
10. How firms in this industry create value for their commercial clients
Third Party Logistics Industry
Integrated Supply Chain
Categories of Logistics Quantification Pyramid
Event Logistics
11. Cost and Freight
CFR
Freight Forwarder
Four Subdivisions of Logistics
Transportation Management Issue
12. Deregulation: Transportation - Communications - and Financial Institutions
Government Regulations and Policy Force
DRP
Two Phases of order mgmt.
Export Management Companies
13. External - Balancing - Price & Lead Time - Internal - Internal Balancing & Inventory/Production flexibility
Balancing Supply/Demand
Types of Forecasts
The Micro Dimension
Factors Affecting Demand
14. Materials Requirement Planning
Dimensions of customer service
Collaborative Relationship
Top US imports from China
MRP
15. Canada - China - Mexico
WMS
Utility(ies) associated with Production
3rd Party Logistics
Top US trading partners
16. 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.
Information Issue
R's of Information
Collaborative Example
Types of Forecasts
17. 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
Performance Measurement Issue
Logistics Activities
Export Management Companies
Categories of Logistics Quantification Pyramid
18. Order Fill Rate - Perfect Order
External Metrics
Motor
Third Party Logistics Industry
Vertical Relationship
19. Time Utility - Place Utility - Quantity Utility
Transactional Relationship
Supply Chain Definition
Freight Forwarder
Utility(ies) associated with Logistics
20. Strategically positioning customers to improve the profitability of the organization and enhance its relationship with its customer base
CRM Customer Relationship Management
Export Trading Companies
Supply Chain Relationship
Supply Chain Flows
21. 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.
Outbound
4PL
Ocean
Council of Supply Chain Management
22. Possession Utility
Third Party Logistics Industry
Performance Measurement Issue
Vertical Relationship
Utility(ies) associated with Marketing
23. Random Variation - Trend - Seasonal Patterns - Normal Business Cycle
Third Party Logistics Industry
Factors Affecting Demand
DRP
Vertical Relationship
24. Plays large part in intermodal shipments.
Motor
Balancing Supply/Demand
Types of 3PLs
FAS
25. Globalization - Technology - Organizational Consolidation - Empowered Customer - Government Policy and Regulation
Forces Driving the Rate of Change
CFR
Types of Forecasts
3rd Party Logistics
26. The time that elapses from when a buyer places an order until receipt of the order
Order Cycle Time
Customer Service
Supply Chain Security Issue
Strategic Role of I.T.
27. Product/Service - Information - Finance
Forces Driving the Rate of Change
Common Culture
Supply Chain Flows
Vertical Relationship
28. Return on Assets.
NAFTA
ROA
MRP
Information Requirements
29. Adding value to products by having them where people want them.
Technology Issue
Logistics Activities
Place Utility Definition
Event Logistics
30. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.
Technology Force
Logistics
Government Regulations and Policy Force
3rd Party Logistics
31. Export goods and services to overseas buyers and handles most of the export arrangements.
Export Trading Companies
ROA
Supply Chain Network Issue
Steps in implementing CRM
32. Networks - Complexity - Inventory Deployment - Information - Cost/Value - Organizational Relationships - Performance Measurement - Technology - Transportation Management - Supply Chain Security
MRP
Arm's Length
Supply Chain Issues
Motor
33. Focuses on the outbound side of of a firm's logistics system.
FOB
MRP
DDP
Physical Distribution
34. Management of Product/Service - Information - and Cash Flows.
Logistics
Supply Chain Definition
Inventory
ROA
35. Getting the Right Things to the Right Place at the Right Time at the lowest cost.
Empowered Customer Force
Third Party Logistics Industry
CFR
Logistics
36. Acquisition - scheduling and management of the facilities/ assets - personnel and materials to support and sustain a service operation or business.
Order Cycle Time
Internal Metrics
CRM Customer Relationship Management
Service Logistics
37. Channel Satisfaction - Transaction Cost and Revenue - Logistics Operations - Logistics Service
Categories of Logistics Quantification Pyramid
Value Added Role of Logistics (5 types of utility)
Common Culture
Inbound
38. 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
Performance Categories
ERP
39. Form - Time - Place - Quantity - Possession
Empowered Customer Force
Technology Force
Internal Society of Logistics
Value Added Role of Logistics (5 types of utility)
40. The network facilities and supporting transportation is important. It must be capable and able to respond to change in the marketplace.
Customer (7 R's of logistics)
Supply Chain Network Issue
S&OP
WMS
41. Increased complexity for organizations (from SKUs to trade regulations) is a problem. Organizations should simplify.
Four Subdivisions of Logistics
Export Management Companies
Complexity Issue
Strategic Relationship
42. North American Free Trade Agreement. Establishes free trade between US - Canada - and Mexico
Vertical Relationship
NAFTA
Council of Supply Chain Management
Globalization Force
43. 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
Global Markets Characteristics
MRP
Logistics Activities
Common Culture
44. Critical part of global supply chains
FAS
Utility(ies) associated with Logistics
Government Regulations and Policy Force
Ports
45. Influences product availability
Order Cycle Time
Supply Chain Security Issue
NAFTA
ERP
46. Relevant - Accurate - Accessible - Timely - Transferable
Information Requirements
Service Logistics
S&OP
Component Support
47. Organizations require collaboration or cooperation.
Information Issue
CRM Customer Relationship Management
CIF
Organizational Relationships Issue
48. Fast - high rate
Air
Inventory Deployment Issue
Utility(ies) associated with Marketing
Balancing Supply/Demand
49. Free On Board
Technology Force
Internal Metrics
FOB
Forecasting
50. Sales and Order Processing
S&OP
The Micro Dimension
Supply Chain Issues
Supply Chain Relationship