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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. CFE - MSE - MAD - MAPE
WMS
Forecast Errors
Business Logistics
Performance Measurement Issue
2. Relevant - Accurate - Accessible - Timely - Transferable
Complexity Issue
Motor
Event Logistics
Information Requirements
3. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.
Collaborative Example
Ocean
Inventory Deployment Issue
Technology Force
4. Collaborative Planning - Forecasting - and Replenishment
ROA
ABC Activity-Based Costing
CPFR
Military Logistics
5. Strategic Alliance
Cost/Value Issue
Strategic Example
Internal Society of Logistics
Supply Chain Network Issue
6. Refer to the traditional linkages between firms in the supply chain such as retailers - distributors - manufacturers - and parts and materials suppliers
Component Support
Supply Chain Definition
Vertical Relationship
Inventory
7. Export goods and services to overseas buyers and handles most of the export arrangements.
Integrated Supply Chain
Logistics
Export Trading Companies
Immutable Laws of Collaborative Logistics
8. Item Fill Rate - Line Fill Rate
Internal Metrics
The Micro Dimension
Strategic Relationship
Ocean
9. Act as agents for domestic firms in the international arena.
FOB
Export Management Companies
Top US imports from China
Transactional Relationship
10. Increased complexity for organizations (from SKUs to trade regulations) is a problem. Organizations should simplify.
Complexity Issue
Supply Chain Security Issue
Event Logistics
CIF
11. Customers trade partnership against terrorism
Empowered Customer Force
Arm's Length
Two Phases of order mgmt.
C-TPAT
12. Form - Time - Place - Quantity - Possession
Integrated Supply Chain
Value Added Role of Logistics (5 types of utility)
Event Logistics
Export Management Companies
13. Transportation-based - Warehouse/distribution-based - Forwarder-based - Shipper/management-based - Financial-based - Information-based firms
Types of 3PLs
Factors Affecting Demand
Logistics Activities
Ports
14. Anything that touches the customer
Logistics
Top US exports to China
Customer Service
Strategic Example
15. Supplies expertise to international shippers. Consolidate small shipments. Derives income from fees for service.
Freight Forwarder
Top US exports to China
Inbound
Complexity Issue
16. Distribution Requirement Planning
DRP
ERP
3rd Party Logistics
ABC Activity-Based Costing
17. Influences product availability
Strategic Example
NAFTA
Order Cycle Time
Logistics Activities
18. External - Balancing - Price & Lead Time - Internal - Internal Balancing & Inventory/Production flexibility
Balancing Supply/Demand
Order Cycle Time
Customer (7 R's of logistics)
Major categories of metrics
19. The branch of military science having to do with procuring - maintaining - utility/value and transporting material - personnel - and facilities
Internal Society of Logistics
Order Cycle Time
Military Logistics
Air
20. Delivered Duty Paid
4PL
Steps in implementing CRM
Transportation Management Issue
DDP
21. 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
MRP
Types of Forecasts
Time Utility Definition
22. Strategically positioning customers to improve the profitability of the organization and enhance its relationship with its customer base
Major categories of metrics
Internal Metrics
CRM Customer Relationship Management
Strategic Relationship
23. Adding value to products by making them available when they're needed.
Time Utility Definition
WMS
Utility(ies) associated with Logistics
Information Issue
24. Getting the right product - to the right customer - in the right quantity - in the right condition - at the right place - at the right time - and at the right cost.
25. Form Utility
Utility(ies) associated with Logistics
Complexity Issue
Organizational Consolidation Force
Utility(ies) associated with Production
26. Management of Product/Service - Information - and Cash Flows.
Supply Chain Definition
Air
Place Utility Definition
S&OP
27. Deregulation: Transportation - Communications - and Financial Institutions
Motor
Government Regulations and Policy Force
Supply Chain Network Issue
Two Phases of order mgmt.
28. Warehouse Management System
WMS
Arm's Length
CPFR
NAFTA
29. Value added to goods through a manufacturing or assembly process.
Form Utility Definition
Transportation Management Issue
Vertical Relationship
Logistics Management
30. Value added by delivering the proper amount of a good.
Place Utility Definition
Ports
Quantity Utility Definition
Internal Society of Logistics
31. Procurement and Manufacturing - value adding activities
Inbound
Time Utility Definition
External Metrics
Supply Chain Network Issue
32. Business agreements between firms that have "parallel" or cooperating positions in the logistics process.
Types of 3PLs
MRP
Forecasting
Horizontal Relationships
33. Management of materials in motion and at rest.
Inventory
Outbound
Organizational Relationships Issue
Performance Categories
34. The network facilities and supporting transportation is important. It must be capable and able to respond to change in the marketplace.
Forecast Errors
Supply Chain Network Issue
Major categories of metrics
Information Issue
35. Time - Dependability - Communications - Convenience
The Micro Dimension
Dimensions of customer service
ROA
Categories of Logistics Quantification Pyramid
36. Networks - Complexity - Inventory Deployment - Information - Cost/Value - Organizational Relationships - Performance Measurement - Technology - Transportation Management - Supply Chain Security
Empowered Customer Force
Horizontal Relationships
Supply Chain Issues
MRP
37. Enlightened - Educated - easy access to Internet
Empowered Customer Force
Form Utility Definition
Place Utility Definition
Utility(ies) associated with Marketing
38. Reduced complexity - reduced product life cycle - more volatility - organizational structures frequently change.
Top US exports to China
Information Requirements
Categories of Logistics Quantification Pyramid
Global Markets Characteristics
39. Critical part of global supply chains
The Micro Dimension
MRP
Supply Chain Issues
Ports
40. Both parties in a vendor relational are said to be at "arm's" length.
Types of Forecasts
Four Subdivisions of Logistics
Transactional Relationship
Event Logistics
41. Organizations require collaboration or cooperation.
Organizational Relationships Issue
Freight Forwarder
Forces Driving the Rate of Change
Four Subdivisions of Logistics
42. Order Fill Rate - Perfect Order
External Metrics
Internal Society of Logistics
CFR
ABC Activity-Based Costing
43. Processes for developing and implementing successful relationship
Supply Chain Relationship
Cost/Value Issue
Supply Chain Issues
Transportation Management Issue
44. Acquisition - scheduling and management of the facilities/ assets - personnel and materials to support and sustain a service operation or business.
Quantity Utility Definition
Technology Force
Service Logistics
Value Added Role of Logistics (5 types of utility)
45. Providing time and place utility/value of materials and products in support of Functional management organization objectives.
Place Utility Definition
Forces Driving the Rate of Change
FAS
Component Support
46. Coordination and Integration can reduce the inventory level on horizontal and vertical levels in the SC. (the bullwhip effect [when inventory is duplicated])
Customer Service
Inventory Deployment Issue
Horizontal Relationships
Logistics Activities
47. Efficiency (cost) and effectiveness (value). A challenge for SCs is the prevention of sub-optimization.
Two Phases of order mgmt.
Cost/Value Issue
Collaborative Example
Top US trading partners
48. Influencing the order - order execution
Supply Chain Issues
Two Phases of order mgmt.
DRP
Vertical Relationship
49. Return on Assets.
Inbound
ROA
Export Trading Companies
Vertical Relationship
50. Focuses on the outbound side of of a firm's logistics system.
TMS
Empowered Customer Force
Physical Distribution
Logistics Activities