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Test your basic knowledge |
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. 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
Information Issue
Logistics Activities
Common Culture
Logistics Management
2. Item Fill Rate - Line Fill Rate
Internal Metrics
Organizational Consolidation Force
Top US trading partners
MRP
3. CFE - MSE - MAD - MAPE
Supply Chain
Ocean
Physical Distribution
Forecast Errors
4. Supplies expertise to international shippers. Consolidate small shipments. Derives income from fees for service.
Supply Chain Definition
Strategic Relationship
Freight Forwarder
TMS
5. The network facilities and supporting transportation is important. It must be capable and able to respond to change in the marketplace.
Supply Chain Network Issue
Forces Driving the Rate of Change
Customer Service
Dimensions of customer service
6. Two or more business orgs cooperate and willingly modify their business objectives and practices to help achieve long-term goals.
Supply Chain Security Issue
Cost/Value Issue
CIF
Collaborative Relationship
7. 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.
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8. Cost and Freight
CFR
Transportation Management Issue
Supply Chain Definition
Possession Utility
9. Marketing - Manufacturing/operations - Finance - Accounting
Performance Measurement Issue
The Micro Dimension
Forecast Errors
Military Logistics
10. Refer to the traditional linkages between firms in the supply chain such as retailers - distributors - manufacturers - and parts and materials suppliers
TMS
Quantity Utility Definition
Vertical Relationship
Dimensions of customer service
11. Anything that touches the customer
Quantity Utility Definition
TMS
Customer Service
Forecasting
12. Enterprise Resource Planning
External Metrics
Balancing Supply/Demand
ERP
Quantity Utility Definition
13. How firms in this industry create value for their commercial clients
3rd Party Logistics
Third Party Logistics Industry
Motor
Complexity Issue
14. Form - Time - Place - Quantity - Possession
CIF
Value Added Role of Logistics (5 types of utility)
Major categories of metrics
Transportation Management Issue
15. Business agreements between firms that have "parallel" or cooperating positions in the logistics process.
Supply Chain Security Issue
Third Party Logistics Industry
Horizontal Relationships
Customer (7 R's of logistics)
16. Primarily created through the basic marketing activities related to the promotion of products and services -
Technology Force
Possession Utility
Logistics
Supply Chain Flows
17. 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.
Supply Chain Relationship
Information Issue
Steps in implementing CRM
Major categories of metrics
18. Value added by delivering the proper amount of a good.
Performance Categories
Value Added Role of Logistics (5 types of utility)
Quantity Utility Definition
Utility(ies) associated with Logistics
19. Concern and potential challenge since 9/11. Must be prepared for terrorist attack.
Possession Utility
ABC Activity-Based Costing
Balancing Supply/Demand
Supply Chain Security Issue
20. Right: information - partner - quantity - format - time - place - cost
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21. Procurement and Manufacturing - value adding activities
Quantity Utility Definition
Utility(ies) associated with Production
Transportation Management Issue
Inbound
22. Fast - high rate
R's of Information
Utility(ies) associated with Logistics
MRP
Air
23. Reliability - Responsiveness - Flexibility - Cost - Assets
Outbound
Strategic Example
Customer (7 R's of logistics)
Major categories of metrics
24. Distribution Requirement Planning
Organizational Relationships Issue
CRM Customer Relationship Management
DRP
CIF
25. Return on Assets.
ROA
4PL
CRM Customer Relationship Management
Inventory
26. The ________ is associated with downstream activities.
Service Logistics
FOB
Supply Chain
FAS
27. Producer to Store - servicing the customer
Outbound
Internal Metrics
Value Added Role of Logistics (5 types of utility)
Complexity Issue
28. Critical part of global supply chains
Strategic Relationship
Ports
Horizontal Relationships
Organizational Relationships Issue
29. Vendor
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30. Adding value to products by making them available when they're needed.
Export Trading Companies
Component Support
Organizational Relationships Issue
Time Utility Definition
31. Challenge is to evaluate and successfully implement the technology
FOB
Technology Issue
Government Regulations and Policy Force
Customer (7 R's of logistics)
32. Electrical Machinery - Power Generation Equipment.
Top US imports from China
Supply Chain Flows
Collaborative Relationship
Export Management Companies
33. External - Balancing - Price & Lead Time - Internal - Internal Balancing & Inventory/Production flexibility
Component Support
Place Utility Definition
Balancing Supply/Demand
CIF
34. Deregulation: Transportation - Communications - and Financial Institutions
Government Regulations and Policy Force
ABC Activity-Based Costing
Supply Chain Flows
Performance Categories
35. Influences product availability
CPFR
Time Utility Definition
Order Cycle Time
Motor
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
Logistics Activities
Possession Utility
Collaborative Example
37. 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
Service Logistics
Forces Driving the Rate of Change
FAS
38. Organizations require collaboration or cooperation.
Government Regulations and Policy Force
Balancing Supply/Demand
Organizational Relationships Issue
Collaborative Example
39. Relevant - Accurate - Accessible - Timely - Transferable
Immutable Laws of Collaborative Logistics
ROA
Information Requirements
Arm's Length
40. Acquisition - scheduling and management of the facilities/ assets - personnel and materials to support and sustain a service operation or business.
Logistics
Utility(ies) associated with Production
Service Logistics
Business Logistics
41. The time that elapses from when a buyer places an order until receipt of the order
Supply Chain Definition
Major categories of metrics
Order Cycle Time
Form Utility Definition
42. Influencing the order - order execution
Ports
Cost/Value Issue
Factors Affecting Demand
Two Phases of order mgmt.
43. Adding value to products by having them where people want them.
R's of Information
Arm's Length
MRP
Place Utility Definition
44. Random Variation - Trend - Seasonal Patterns - Normal Business Cycle
Place Utility Definition
Event Logistics
Factors Affecting Demand
Two Phases of order mgmt.
45. 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.
Air
4PL
Logistics Activities
Transportation Management Issue
46. Strategically positioning customers to improve the profitability of the organization and enhance its relationship with its customer base
DRP
Ports
Logistics Activities
CRM Customer Relationship Management
47. Warehouse Management System
Types of 3PLs
WMS
Factors Affecting Demand
ABC Activity-Based Costing
48. Simple moving average - Weighted Moving average - Exponential Smoothing - Adjusted Exponential Smoothing for Trend - Seasonal Influences
Utility(ies) associated with Production
R's of Information
FAS
Types of Forecasts
49. Time - Dependability - Communications - Convenience
FAS
NAFTA
Balancing Supply/Demand
Dimensions of customer service
50. Globalization - Technology - Organizational Consolidation - Empowered Customer - Government Policy and Regulation
DRP
Supply Chain Flows
Forces Driving the Rate of Change
Cost/Value Issue
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