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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. Supplies expertise to international shippers. Consolidate small shipments. Derives income from fees for service.
C-TPAT
Customer (7 R's of logistics)
Types of 3PLs
Freight Forwarder
2. Coordination and Integration can reduce the inventory level on horizontal and vertical levels in the SC. (the bullwhip effect [when inventory is duplicated])
Inventory Deployment Issue
Forecasting
Air
Organizational Consolidation Force
3. Export goods and services to overseas buyers and handles most of the export arrangements.
CRM Customer Relationship Management
Immutable Laws of Collaborative Logistics
Categories of Logistics Quantification Pyramid
Export Trading Companies
4. Free On Board
FOB
Logistics
Common Culture
Top US exports to China
5. Management of materials in motion and at rest.
Technology Issue
Technology Force
Strategic Example
Inventory
6. Adding value to products by having them where people want them.
Logistics
Logistics Management
Export Management Companies
Place Utility Definition
7. Measures cost and performance of activities.
Military Logistics
Transactional Relationship
ABC Activity-Based Costing
Top US exports to China
8. Networks - Complexity - Inventory Deployment - Information - Cost/Value - Organizational Relationships - Performance Measurement - Technology - Transportation Management - Supply Chain Security
Service Logistics
Supply Chain Issues
Common Culture
Cost/Value Issue
9. Order Fill Rate - Perfect Order
Form Utility Definition
Transportation Management Issue
External Metrics
Utility(ies) associated with Production
10. Strategic Alliance
Strategic Example
Information Requirements
Supply Chain Security Issue
Utility(ies) associated with Marketing
11. An external supplier that performs all or part of a company's logistics functions.
Information Issue
3rd Party Logistics
Performance Measurement Issue
Technology Issue
12. Deregulation: Transportation - Communications - and Financial Institutions
Major categories of metrics
Service Logistics
Government Regulations and Policy Force
CFR
13. 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
Strategic Role of I.T.
Types of Forecasts
Two Phases of order mgmt.
CFR
14. Vendor
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15. Reliability - Responsiveness - Flexibility - Cost - Assets
Balancing Supply/Demand
Customer Service
Globalization Force
Major categories of metrics
16. Form Utility
CRM Customer Relationship Management
Utility(ies) associated with Production
Categories of Logistics Quantification Pyramid
ABC Activity-Based Costing
17. Reduced complexity - reduced product life cycle - more volatility - organizational structures frequently change.
Information Requirements
Global Markets Characteristics
Internal Society of Logistics
Empowered Customer Force
18. Processes for developing and implementing successful relationship
Information Issue
External Metrics
Technology Issue
Supply Chain Relationship
19. Point-of-sale(POS); Collaborative planning - forecasting - and replenishment(CPFR); Vendor-managed inventory (VMI)
Strategic Role of I.T.
Business Logistics
Internal Metrics
Organizational Consolidation Force
20. Relevant - Accurate - Accessible - Timely - Transferable
Outbound
Air
Information Requirements
Possession Utility
21. Cost - Insurance - and Freight
CIF
Inventory Deployment Issue
Organizational Relationships Issue
Strategic Role of I.T.
22. Electrical Machinery - Power Generation Equipment
Utility(ies) associated with Production
Export Management Companies
Top US exports to China
ERP
23. Time - Quality - Cost - Supporting Metrics
Internal Metrics
Performance Categories
4PL
Possession Utility
24. Simple moving average - Weighted Moving average - Exponential Smoothing - Adjusted Exponential Smoothing for Trend - Seasonal Influences
Customer (7 R's of logistics)
Supply Chain Definition
Supply Chain Network Issue
Types of Forecasts
25. External - Balancing - Price & Lead Time - Internal - Internal Balancing & Inventory/Production flexibility
Supply Chain Security Issue
FOB
Two Phases of order mgmt.
Balancing Supply/Demand
26. The management of the movement of materials and information within - into - and out of the firm
DDP
Logistics Management
Council of Supply Chain Management
NAFTA
27. Growth to a global or worldwide scale. Important Issues in a SC: More volatile supply and demand - shorter product lifetimes - blurring of organizational boundaries.
Council of Supply Chain Management
Four Subdivisions of Logistics
Types of 3PLs
Globalization Force
28. 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
Immutable Laws of Collaborative Logistics
Categories of Logistics Quantification Pyramid
4PL
Logistics
29. Cost and Freight
Supply Chain Issues
Cost/Value Issue
CFR
Time Utility Definition
30. Business agreements between firms that have "parallel" or cooperating positions in the logistics process.
WMS
Horizontal Relationships
FOB
Government Regulations and Policy Force
31. 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
Top US trading partners
Globalization Force
Empowered Customer Force
Logistics Activities
32. The time that elapses from when a buyer places an order until receipt of the order
Strategic Role of I.T.
Internal Society of Logistics
Order Cycle Time
Transactional Relationship
33. 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
Organizational Consolidation Force
Service Logistics
Cost/Value Issue
34. Possession Utility
Utility(ies) associated with Marketing
Forces Driving the Rate of Change
TMS
CFR
35. Time Utility - Place Utility - Quantity Utility
3rd Party Logistics
Utility(ies) associated with Logistics
Balancing Supply/Demand
Event Logistics
36. 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
Ports
Information Issue
Customer Service
37. Efficiency (cost) and effectiveness (value). A challenge for SCs is the prevention of sub-optimization.
Utility(ies) associated with Logistics
Cost/Value Issue
CFR
WMS
38. North American Free Trade Agreement. Establishes free trade between US - Canada - and Mexico
ABC Activity-Based Costing
MRP
NAFTA
Place Utility Definition
39. Free Alongside Ship
Event Logistics
FAS
Freight Forwarder
Council of Supply Chain Management
40. The most pervasive and important global shipment method. Low rates - wide variety of products
4PL
Supply Chain
Ocean
Place Utility Definition
41. The branch of military science having to do with procuring - maintaining - utility/value and transporting material - personnel - and facilities
FAS
Performance Measurement Issue
Internal Society of Logistics
Component Support
42. Adding value to products by making them available when they're needed.
Supply Chain Issues
Time Utility Definition
ROA
Technology Issue
43. Enterprise Resource Planning
FOB
ERP
Collaborative Example
Possession Utility
44. Form - Time - Place - Quantity - Possession
Place Utility Definition
Integrated Supply Chain
Technology Issue
Value Added Role of Logistics (5 types of utility)
45. Materials Requirement Planning
C-TPAT
Component Support
MRP
Export Management Companies
46. Plays large part in intermodal shipments.
Forecast Errors
Motor
Integrated Supply Chain
Logistics Activities
47. Critical part of global supply chains
CFR
Performance Categories
Two Phases of order mgmt.
Ports
48. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.
Value Added Role of Logistics (5 types of utility)
Technology Force
Logistics Management
DDP
49. How firms in this industry create value for their commercial clients
Third Party Logistics Industry
Air
Government Regulations and Policy Force
The Micro Dimension
50. CFE - MSE - MAD - MAPE
Outbound
Council of Supply Chain Management
Forecast Errors
Business Logistics