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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. Procurement and Manufacturing - value adding activities
Supply Chain Definition
Forces Driving the Rate of Change
Forecasting
Supply Chain
2. The management of the movement of materials and information within - into - and out of the firm
Export Trading Companies
Logistics Management
FAS
Performance Categories
3. Value added by delivering the proper amount of a good.
Quantity Utility Definition
Supply Chain Network Issue
Event Logistics
Export Management Companies
4. Right: information - partner - quantity - format - time - place - cost
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5. Producer to Store - servicing the customer
Customer (7 R's of logistics)
Outbound
Place Utility Definition
Strategic Example
6. Globalization - Technology - Organizational Consolidation - Empowered Customer - Government Policy and Regulation
Utility(ies) associated with Marketing
Forecasting
Forecast Errors
Forces Driving the Rate of Change
7. Supplies expertise to international shippers. Consolidate small shipments. Derives income from fees for service.
Categories of Logistics Quantification Pyramid
Logistics
3rd Party Logistics
Freight Forwarder
8. Reduced complexity - reduced product life cycle - more volatility - organizational structures frequently change.
Global Markets Characteristics
Logistics
Government Regulations and Policy Force
Utility(ies) associated with Marketing
9. CFE - MSE - MAD - MAPE
Top US trading partners
Forecast Errors
MRP
Information Requirements
10. The ________ is associated with downstream activities.
Supply Chain
Integrated Supply Chain
CIF
Globalization Force
11. Growth to a global or worldwide scale. Important Issues in a SC: More volatile supply and demand - shorter product lifetimes - blurring of organizational boundaries.
Global Markets Characteristics
Globalization Force
CPFR
Order Cycle Time
12. Point-of-sale(POS); Collaborative planning - forecasting - and replenishment(CPFR); Vendor-managed inventory (VMI)
Order Cycle Time
Organizational Consolidation Force
Information Issue
Military Logistics
13. Strategic Alliance
Physical Distribution
C-TPAT
Strategic Relationship
Strategic Example
14. 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
The Micro Dimension
Forecast Errors
Ports
15. Management of materials in motion and at rest.
Inventory
4PL
Steps in implementing CRM
ERP
16. Efficiency (cost) and effectiveness (value). A challenge for SCs is the prevention of sub-optimization.
Freight Forwarder
Cost/Value Issue
Place Utility Definition
Performance Measurement Issue
17. Right product - right time - right quantity - right quality - right cost - right destination
Transportation Management Issue
Business Logistics
Global Markets Characteristics
Collaborative Relationship
18. Adding value to products by making them available when they're needed.
External Metrics
Export Trading Companies
Utility(ies) associated with Logistics
Time Utility Definition
19. Free Alongside Ship
Service Logistics
Third Party Logistics Industry
Supply Chain Network Issue
FAS
20. Materials Requirement Planning
MRP
Utility(ies) associated with Marketing
Logistics
4PL
21. Enlightened - Educated - easy access to Internet
Empowered Customer Force
Inventory
DDP
S&OP
22. Management of Product/Service - Information - and Cash Flows.
Supply Chain Network Issue
Supply Chain Flows
Supply Chain Definition
Value Added Role of Logistics (5 types of utility)
23. Influences product availability
Order Cycle Time
Forecasting
CIF
Categories of Logistics Quantification Pyramid
24. Warehouse Management System
Export Trading Companies
Supply Chain Flows
WMS
Internal Metrics
25. Transportation-based - Warehouse/distribution-based - Forwarder-based - Shipper/management-based - Financial-based - Information-based firms
MRP
Ports
Place Utility Definition
Types of 3PLs
26. Relevant - Accurate - Accessible - Timely - Transferable
Value Added Role of Logistics (5 types of utility)
Event Logistics
Information Requirements
FOB
27. Item Fill Rate - Line Fill Rate
Internal Metrics
Logistics Management
Empowered Customer Force
Two Phases of order mgmt.
28. Refer to the traditional linkages between firms in the supply chain such as retailers - distributors - manufacturers - and parts and materials suppliers
Event Logistics
Vertical Relationship
DDP
Globalization Force
29. Adding value to products by having them where people want them.
Place Utility Definition
Service Logistics
Strategic Example
TMS
30. Focuses on the outbound side of of a firm's logistics system.
CPFR
Utility(ies) associated with Production
Logistics
Physical Distribution
31. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.
Collaborative Example
Immutable Laws of Collaborative Logistics
Technology Force
Customer (7 R's of logistics)
32. Plays large part in intermodal shipments.
Internal Metrics
Component Support
Possession Utility
Motor
33. Return on Assets.
Logistics Management
Organizational Consolidation Force
ROA
Inventory
34. Distribution Requirement Planning
DRP
Component Support
Government Regulations and Policy Force
Ocean
35. Act as agents for domestic firms in the international arena.
DRP
Inventory Deployment Issue
Strategic Relationship
Export Management Companies
36. 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
Supply Chain Network Issue
Balancing Supply/Demand
Types of 3PLs
Logistics Activities
37. Value added to goods through a manufacturing or assembly process.
Supply Chain Relationship
Form Utility Definition
Collaborative Relationship
Event Logistics
38. Processes for developing and implementing successful relationship
Strategic Relationship
Customer Service
Supply Chain Relationship
Horizontal Relationships
39. The branch of military science having to do with procuring - maintaining - utility/value and transporting material - personnel - and facilities
Internal Society of Logistics
Information Requirements
TMS
Service Logistics
40. Electrical Machinery - Power Generation Equipment
Empowered Customer Force
Top US exports to China
Supply Chain Definition
Service Logistics
41. Cost - Insurance - and Freight
FAS
S&OP
CFR
CIF
42. The most pervasive and important global shipment method. Low rates - wide variety of products
Logistics Management
Supply Chain
Complexity Issue
Ocean
43. Both parties in a vendor relational are said to be at "arm's" length.
Transactional Relationship
WMS
Third Party Logistics Industry
Supply Chain Network Issue
44. Challenge is to evaluate and successfully implement the technology
Technology Issue
ABC Activity-Based Costing
Physical Distribution
Performance Measurement Issue
45. Transportation Management System
CFR
Order Cycle Time
Performance Categories
TMS
46. Coordination and Integration can reduce the inventory level on horizontal and vertical levels in the SC. (the bullwhip effect [when inventory is duplicated])
Internal Metrics
Utility(ies) associated with Logistics
External Metrics
Inventory Deployment Issue
47. How firms in this industry create value for their commercial clients
FOB
Forecast Errors
Third Party Logistics Industry
MRP
48. Business Logistics - Military Logistics - Event Logistics - Service Logistics
Global Markets Characteristics
CRM Customer Relationship Management
Major categories of metrics
Four Subdivisions of Logistics
49. 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
Internal Society of Logistics
External Metrics
Quantity Utility Definition
Strategic Role of I.T.
50. Vendor
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