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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. Right: information - partner - quantity - format - time - place - cost
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2. Primarily created through the basic marketing activities related to the promotion of products and services -
Order Cycle Time
Possession Utility
Motor
Performance Measurement Issue
3. Getting the Right Things to the Right Place at the Right Time at the lowest cost.
CFR
Logistics
S&OP
Cost/Value Issue
4. 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
MRP
Government Regulations and Policy Force
Supply Chain Flows
Logistics Activities
5. Measures cost and performance of activities.
ABC Activity-Based Costing
Transportation Management Issue
Performance Measurement Issue
Government Regulations and Policy Force
6. Challenge is to evaluate and successfully implement the technology
DRP
Technology Issue
Forecasting
Form Utility Definition
7. Critical part of global supply chains
Internal Metrics
Ports
Inventory Deployment Issue
Order Cycle Time
8. Transportation Management System
Ports
Military Logistics
TMS
The Micro Dimension
9. Business agreements between firms that have "parallel" or cooperating positions in the logistics process.
Top US imports from China
Horizontal Relationships
Forecasting
Collaborative Example
10. Marketing - Manufacturing/operations - Finance - Accounting
ROA
Types of 3PLs
The Micro Dimension
Outbound
11. Value added to goods through a manufacturing or assembly process.
Types of 3PLs
Supply Chain Flows
Form Utility Definition
Supply Chain
12. Organizations require collaboration or cooperation.
Freight Forwarder
Ports
Supply Chain Network Issue
Organizational Relationships Issue
13. An external supplier that performs all or part of a company's logistics functions.
Place Utility Definition
CRM Customer Relationship Management
3rd Party Logistics
Logistics Activities
14. Possession Utility
Top US exports to China
Possession Utility
Utility(ies) associated with Marketing
Performance Measurement Issue
15. Adding value to products by having them where people want them.
Place Utility Definition
MRP
Empowered Customer Force
C-TPAT
16. Item Fill Rate - Line Fill Rate
Internal Metrics
Order Cycle Time
Supply Chain Definition
Ocean
17. Reduced complexity - reduced product life cycle - more volatility - organizational structures frequently change.
ERP
Global Markets Characteristics
4PL
Globalization Force
18. The time that elapses from when a buyer places an order until receipt of the order
Customer (7 R's of logistics)
Order Cycle Time
Council of Supply Chain Management
Inbound
19. 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
Freight Forwarder
Physical Distribution
R's of Information
20. 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
Categories of Logistics Quantification Pyramid
Common Culture
NAFTA
Forecast Errors
21. The process of planning - implementing - and controlling the efficient - effective flow and storage of goods - services - and related information from the point of origin to the point of consumption for the purpose of conforming to customer requ
Logistics Activities
C-TPAT
Business Logistics
Supply Chain Network Issue
22. The dual flow of Product/Services - Information - and Finances across the suppliers - distributors - manufacturers - wholesalers - and customers.
Integrated Supply Chain
The Micro Dimension
TMS
Performance Categories
23. Deregulation: Transportation - Communications - and Financial Institutions
DDP
Government Regulations and Policy Force
Top US imports from China
Organizational Relationships Issue
24. Time - Dependability - Communications - Convenience
Global Markets Characteristics
Dimensions of customer service
CFR
Air
25. The most pervasive and important global shipment method. Low rates - wide variety of products
Ocean
Place Utility Definition
The Micro Dimension
Steps in implementing CRM
26. Management of Product/Service - Information - and Cash Flows.
Order Cycle Time
Supply Chain Definition
Place Utility Definition
Supply Chain Relationship
27. Represents an alternative that may imply even greater involvement than the partnership or strategic alliance
Collaborative Relationship
Internal Society of Logistics
Strategic Relationship
DRP
28. Transportation-based - Warehouse/distribution-based - Forwarder-based - Shipper/management-based - Financial-based - Information-based firms
CRM Customer Relationship Management
Global Markets Characteristics
Motor
Types of 3PLs
29. Analyze and evaluate on organizations efficiency over a time period.
Performance Measurement Issue
Top US exports to China
3rd Party Logistics
Motor
30. Distribution Requirement Planning
DRP
CRM Customer Relationship Management
Government Regulations and Policy Force
Four Subdivisions of Logistics
31. Anything that touches the customer
CFR
Two Phases of order mgmt.
Customer Service
Ports
32. Act as agents for domestic firms in the international arena.
Export Management Companies
Integrated Supply Chain
Component Support
Performance Categories
33. CFE - MSE - MAD - MAPE
Military Logistics
Performance Categories
Council of Supply Chain Management
Forecast Errors
34. Right product - right time - right quantity - right quality - right cost - right destination
Transportation Management Issue
Two Phases of order mgmt.
Customer Service
CRM Customer Relationship Management
35. Point-of-sale(POS); Collaborative planning - forecasting - and replenishment(CPFR); Vendor-managed inventory (VMI)
Air
The Micro Dimension
Organizational Consolidation Force
Strategic Role of I.T.
36. Refer to the traditional linkages between firms in the supply chain such as retailers - distributors - manufacturers - and parts and materials suppliers
NAFTA
3rd Party Logistics
Balancing Supply/Demand
Vertical Relationship
37. Value added by delivering the proper amount of a good.
Quantity Utility Definition
Ports
Common Culture
Value Added Role of Logistics (5 types of utility)
38. Relevant - Accurate - Accessible - Timely - Transferable
Internal Society of Logistics
Globalization Force
Balancing Supply/Demand
Information Requirements
39. Networks - Complexity - Inventory Deployment - Information - Cost/Value - Organizational Relationships - Performance Measurement - Technology - Transportation Management - Supply Chain Security
Supply Chain Issues
Types of Forecasts
FAS
Export Management Companies
40. Export goods and services to overseas buyers and handles most of the export arrangements.
Top US exports to China
Order Cycle Time
Export Trading Companies
DRP
41. Partner
Collaborative Example
MRP
Dimensions of customer service
Government Regulations and Policy Force
42. Simple moving average - Weighted Moving average - Exponential Smoothing - Adjusted Exponential Smoothing for Trend - Seasonal Influences
Four Subdivisions of Logistics
Types of Forecasts
Information Issue
Supply Chain Issues
43. Order Fill Rate - Perfect Order
WMS
External Metrics
Customer (7 R's of logistics)
Supply Chain
44. Reliability - Responsiveness - Flexibility - Cost - Assets
Forecasting
Major categories of metrics
NAFTA
Strategic Role of I.T.
45. Channel Satisfaction - Transaction Cost and Revenue - Logistics Operations - Logistics Service
Business Logistics
Possession Utility
Categories of Logistics Quantification Pyramid
Technology Force
46. Canada - China - Mexico
Event Logistics
Top US trading partners
The Micro Dimension
Types of 3PLs
47. Product/Service - Information - Finance
DDP
Supply Chain Flows
Transactional Relationship
CIF
48. Procurement and Manufacturing - value adding activities
Forecasting
ABC Activity-Based Costing
Cost/Value Issue
Collaborative Example
49. Both parties in a vendor relational are said to be at "arm's" length.
Transactional Relationship
Globalization Force
CPFR
FOB
50. Electrical Machinery - Power Generation Equipment
Top US exports to China
Immutable Laws of Collaborative Logistics
Quantity Utility Definition
Cost/Value Issue