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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. 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.
Customer Service
Information Issue
Council of Supply Chain Management
CPFR
2. Return on Assets.
ROA
Order Cycle Time
Council of Supply Chain Management
Transactional Relationship
3. Influences product availability
Strategic Relationship
External Metrics
Order Cycle Time
Ocean
4. 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.
FOB
Motor
4PL
External Metrics
5. Channel Satisfaction - Transaction Cost and Revenue - Logistics Operations - Logistics Service
Value Added Role of Logistics (5 types of utility)
Transportation Management Issue
Component Support
Categories of Logistics Quantification Pyramid
6. 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.
Supply Chain
Council of Supply Chain Management
Organizational Consolidation Force
TMS
7. Concern and potential challenge since 9/11. Must be prepared for terrorist attack.
ERP
Collaborative Example
Inbound
Supply Chain Security Issue
8. Right: information - partner - quantity - format - time - place - cost
9. North American Free Trade Agreement. Establishes free trade between US - Canada - and Mexico
Supply Chain Flows
Top US trading partners
NAFTA
FOB
10. Marketing - Manufacturing/operations - Finance - Accounting
The Micro Dimension
Motor
Ports
C-TPAT
11. The dual flow of Product/Services - Information - and Finances across the suppliers - distributors - manufacturers - wholesalers - and customers.
Supply Chain
Integrated Supply Chain
CPFR
Arm's Length
12. 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
Government Regulations and Policy Force
Immutable Laws of Collaborative Logistics
3rd Party Logistics
Utility(ies) associated with Marketing
13. Procurement and Manufacturing - value adding activities
Forecasting
ABC Activity-Based Costing
Four Subdivisions of Logistics
Collaborative Relationship
14. Network of activities - facilities and personnel required to organize - schedule and deploy the resources for an even to take place and to effectively withdraw after the even (ex: Superbowl).
Event Logistics
Empowered Customer Force
Logistics Activities
Logistics Management
15. Growth to a global or worldwide scale. Important Issues in a SC: More volatile supply and demand - shorter product lifetimes - blurring of organizational boundaries.
Transportation Management Issue
Forces Driving the Rate of Change
Global Markets Characteristics
Globalization Force
16. Deregulation: Transportation - Communications - and Financial Institutions
Supply Chain Issues
Government Regulations and Policy Force
Customer Service
CIF
17. Processes for developing and implementing successful relationship
Technology Issue
ABC Activity-Based Costing
Supply Chain Relationship
Government Regulations and Policy Force
18. The most pervasive and important global shipment method. Low rates - wide variety of products
Ocean
Major categories of metrics
Air
Technology Issue
19. Challenge is to evaluate and successfully implement the technology
Factors Affecting Demand
Military Logistics
Technology Issue
Inbound
20. Warehouse Management System
Business Logistics
Air
Two Phases of order mgmt.
WMS
21. Enterprise Resource Planning
NAFTA
Logistics
DRP
ERP
22. Organizations require collaboration or cooperation.
ROA
Customer Service
S&OP
Organizational Relationships Issue
23. Both parties in a vendor relational are said to be at "arm's" length.
Strategic Role of I.T.
Transactional Relationship
Transportation Management Issue
Dimensions of customer service
24. Partner
Supply Chain Issues
Order Cycle Time
Form Utility Definition
Collaborative Example
25. 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
Common Culture
Strategic Role of I.T.
Quantity Utility Definition
Complexity Issue
26. Procurement and Manufacturing - value adding activities
Top US imports from China
Global Markets Characteristics
Immutable Laws of Collaborative Logistics
Inbound
27. Value added to goods through a manufacturing or assembly process.
Collaborative Example
Form Utility Definition
Technology Force
Collaborative Relationship
28. Business agreements between firms that have "parallel" or cooperating positions in the logistics process.
Top US imports from China
Integrated Supply Chain
Horizontal Relationships
WMS
29. Sales and Order Processing
Order Cycle Time
Complexity Issue
S&OP
Technology Force
30. 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
Forecasting
Organizational Consolidation Force
Air
31. The design and integration of all aspects of support for the operational capability of the military forces and their equipment to ensure readiness - reliability and efficiency.
Military Logistics
CRM Customer Relationship Management
Air
Logistics Management
32. Measures cost and performance of activities.
Top US imports from China
Logistics
ABC Activity-Based Costing
Order Cycle Time
33. Plays large part in intermodal shipments.
Utility(ies) associated with Marketing
Four Subdivisions of Logistics
Information Requirements
Motor
34. Supplies expertise to international shippers. Consolidate small shipments. Derives income from fees for service.
Utility(ies) associated with Logistics
FAS
Vertical Relationship
Freight Forwarder
35. Time Utility - Place Utility - Quantity Utility
Ocean
Inbound
TMS
Utility(ies) associated with Logistics
36. Increased complexity for organizations (from SKUs to trade regulations) is a problem. Organizations should simplify.
Transportation Management Issue
Complexity Issue
Major categories of metrics
ROA
37. Time - Quality - Cost - Supporting Metrics
Strategic Example
Global Markets Characteristics
Performance Categories
MRP
38. An external supplier that performs all or part of a company's logistics functions.
Export Trading Companies
Supply Chain Issues
3rd Party Logistics
Council of Supply Chain Management
39. Relevant - Accurate - Accessible - Timely - Transferable
Information Requirements
Forecasting
Factors Affecting Demand
Globalization Force
40. External - Balancing - Price & Lead Time - Internal - Internal Balancing & Inventory/Production flexibility
Balancing Supply/Demand
Supply Chain Definition
Order Cycle Time
Information Requirements
41. Analyze and evaluate on organizations efficiency over a time period.
Performance Measurement Issue
Government Regulations and Policy Force
Supply Chain Definition
Inbound
42. Refer to the traditional linkages between firms in the supply chain such as retailers - distributors - manufacturers - and parts and materials suppliers
ABC Activity-Based Costing
S&OP
Vertical Relationship
Supply Chain Relationship
43. Business Logistics - Military Logistics - Event Logistics - Service Logistics
Technology Issue
Categories of Logistics Quantification Pyramid
Four Subdivisions of Logistics
FOB
44. Reliability - Responsiveness - Flexibility - Cost - Assets
Globalization Force
Performance Measurement Issue
Major categories of metrics
CPFR
45. Critical part of global supply chains
Possession Utility
Immutable Laws of Collaborative Logistics
Forecasting
Ports
46. Order Fill Rate - Perfect Order
CRM Customer Relationship Management
The Micro Dimension
External Metrics
Inventory Deployment Issue
47. Simple moving average - Weighted Moving average - Exponential Smoothing - Adjusted Exponential Smoothing for Trend - Seasonal Influences
Types of Forecasts
Time Utility Definition
Event Logistics
Supply Chain Issues
48. Transportation-based - Warehouse/distribution-based - Forwarder-based - Shipper/management-based - Financial-based - Information-based firms
Transportation Management Issue
MRP
Types of 3PLs
Forces Driving the Rate of Change
49. Materials Requirement Planning
External Metrics
MRP
4PL
CRM Customer Relationship Management
50. 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
Business Logistics
Complexity Issue
Categories of Logistics Quantification Pyramid
The Micro Dimension