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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. An external supplier that performs all or part of a company's logistics functions.
FAS
3rd Party Logistics
Supply Chain Issues
Supply Chain Network Issue
2. 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
CRM Customer Relationship Management
Time Utility Definition
NAFTA
3. Transportation-based - Warehouse/distribution-based - Forwarder-based - Shipper/management-based - Financial-based - Information-based firms
Place Utility Definition
Categories of Logistics Quantification Pyramid
Types of 3PLs
Organizational Consolidation Force
4. Possession Utility
Strategic Role of I.T.
Business Logistics
Time Utility Definition
Utility(ies) associated with Marketing
5. Primarily created through the basic marketing activities related to the promotion of products and services -
Possession Utility
Types of Forecasts
Military Logistics
CPFR
6. Warehouse Management System
Third Party Logistics Industry
CRM Customer Relationship Management
Collaborative Example
WMS
7. The most pervasive and important global shipment method. Low rates - wide variety of products
Factors Affecting Demand
Major categories of metrics
Ocean
ABC Activity-Based Costing
8. The management of the movement of materials and information within - into - and out of the firm
DDP
Physical Distribution
Top US trading partners
Logistics Management
9. North American Free Trade Agreement. Establishes free trade between US - Canada - and Mexico
Strategic Example
NAFTA
R's of Information
The Micro Dimension
10. Distribution Requirement Planning
DRP
Business Logistics
Physical Distribution
Top US trading partners
11. Enterprise Resource Planning
Top US trading partners
Ports
CRM Customer Relationship Management
ERP
12. 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).
Utility(ies) associated with Marketing
Event Logistics
Supply Chain Issues
CIF
13. Time - Quality - Cost - Supporting Metrics
NAFTA
Performance Categories
Collaborative Example
Empowered Customer Force
14. 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.
WMS
Steps in implementing CRM
Performance Categories
Council of Supply Chain Management
15. Coordination and Integration can reduce the inventory level on horizontal and vertical levels in the SC. (the bullwhip effect [when inventory is duplicated])
Four Subdivisions of Logistics
Inventory Deployment Issue
Collaborative Example
Steps in implementing CRM
16. Form Utility
Strategic Relationship
Utility(ies) associated with Production
Types of Forecasts
Ports
17. Electrical Machinery - Power Generation Equipment.
Transportation Management Issue
Top US imports from China
Collaborative Relationship
Supply Chain Security Issue
18. 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.
The Micro Dimension
Customer Service
Information Issue
Outbound
19. Right product - right time - right quantity - right quality - right cost - right destination
Technology Issue
Transportation Management Issue
Supply Chain Issues
CRM Customer Relationship Management
20. Processes for developing and implementing successful relationship
Supply Chain Relationship
Organizational Consolidation Force
Military Logistics
C-TPAT
21. Value added to goods through a manufacturing or assembly process.
3rd Party Logistics
Form Utility Definition
R's of Information
Top US exports to China
22. Value added by delivering the proper amount of a good.
TMS
Possession Utility
Quantity Utility Definition
Transportation Management Issue
23. Transportation Management System
Collaborative Relationship
Logistics Management
TMS
MRP
24. Increased complexity for organizations (from SKUs to trade regulations) is a problem. Organizations should simplify.
Complexity Issue
Transportation Management Issue
Internal Society of Logistics
CRM Customer Relationship Management
25. Getting the Right Things to the Right Place at the Right Time at the lowest cost.
Supply Chain
Inventory Deployment Issue
Logistics
Customer (7 R's of logistics)
26. Business agreements between firms that have "parallel" or cooperating positions in the logistics process.
Horizontal Relationships
Motor
Third Party Logistics Industry
Organizational Consolidation Force
27. Relevant - Accurate - Accessible - Timely - Transferable
Information Requirements
Global Markets Characteristics
TMS
Balancing Supply/Demand
28. Strategically positioning customers to improve the profitability of the organization and enhance its relationship with its customer base
External Metrics
Performance Measurement Issue
Collaborative Relationship
CRM Customer Relationship Management
29. Both parties in a vendor relational are said to be at "arm's" length.
Supply Chain Security Issue
Two Phases of order mgmt.
Transactional Relationship
Government Regulations and Policy Force
30. Segment Customer Base - Identify the product service package - Develop and execute the best procedures - measure performance continuously
Steps in implementing CRM
Vertical Relationship
Supply Chain Relationship
Supply Chain Network Issue
31. Order Fill Rate - Perfect Order
ABC Activity-Based Costing
Common Culture
Forces Driving the Rate of Change
External Metrics
32. Time Utility - Place Utility - Quantity Utility
Third Party Logistics Industry
Common Culture
Internal Society of Logistics
Utility(ies) associated with Logistics
33. Procurement and Manufacturing - value adding activities
Collaborative Example
Inbound
FOB
Export Trading Companies
34. The ________ is associated with downstream activities.
Business Logistics
Strategic Example
Factors Affecting Demand
Supply Chain
35. Anything that touches the customer
Military Logistics
Form Utility Definition
ROA
Customer Service
36. Random Variation - Trend - Seasonal Patterns - Normal Business Cycle
Supply Chain Security Issue
CFR
Factors Affecting Demand
Transactional Relationship
37. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.
Global Markets Characteristics
Technology Force
FOB
Globalization Force
38. 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
Supply Chain Flows
Council of Supply Chain Management
Business Logistics
Possession Utility
39. Management of Product/Service - Information - and Cash Flows.
Supply Chain Definition
Organizational Consolidation Force
Immutable Laws of Collaborative Logistics
Balancing Supply/Demand
40. Deregulation: Transportation - Communications - and Financial Institutions
Empowered Customer Force
Internal Society of Logistics
Order Cycle Time
Government Regulations and Policy Force
41. Strategic Alliance
DRP
Strategic Example
Logistics
Inbound
42. External - Balancing - Price & Lead Time - Internal - Internal Balancing & Inventory/Production flexibility
Balancing Supply/Demand
Transactional Relationship
ERP
Organizational Relationships Issue
43. Act as agents for domestic firms in the international arena.
Arm's Length
Cost/Value Issue
Forces Driving the Rate of Change
Export Management Companies
44. The branch of military science having to do with procuring - maintaining - utility/value and transporting material - personnel - and facilities
Complexity Issue
MRP
Internal Society of Logistics
External Metrics
45. Efficiency (cost) and effectiveness (value). A challenge for SCs is the prevention of sub-optimization.
CRM Customer Relationship Management
Immutable Laws of Collaborative Logistics
Service Logistics
Cost/Value Issue
46. Challenge is to evaluate and successfully implement the technology
Vertical Relationship
Technology Issue
MRP
Event Logistics
47. Electrical Machinery - Power Generation Equipment
Information Issue
Top US exports to China
Transportation Management Issue
Utility(ies) associated with Marketing
48. Producer to Store - servicing the customer
Forces Driving the Rate of Change
Outbound
Inbound
Event Logistics
49. The dual flow of Product/Services - Information - and Finances across the suppliers - distributors - manufacturers - wholesalers - and customers.
Factors Affecting Demand
Export Management Companies
Integrated Supply Chain
Supply Chain Security Issue
50. Organizations require collaboration or cooperation.
Immutable Laws of Collaborative Logistics
Integrated Supply Chain
External Metrics
Organizational Relationships Issue
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