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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. Strategic Alliance
Supply Chain
Top US trading partners
ERP
Strategic Example
2. Simple moving average - Weighted Moving average - Exponential Smoothing - Adjusted Exponential Smoothing for Trend - Seasonal Influences
Types of Forecasts
Two Phases of order mgmt.
ABC Activity-Based Costing
Form Utility Definition
3. Business agreements between firms that have "parallel" or cooperating positions in the logistics process.
Supply Chain
Logistics
Horizontal Relationships
Top US imports from China
4. Adding value to products by making them available when they're needed.
Performance Measurement Issue
Customer (7 R's of logistics)
Time Utility Definition
Strategic Role of I.T.
5. Vendor
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6. Time - Dependability - Communications - Convenience
Organizational Consolidation Force
Component Support
ROA
Dimensions of customer service
7. Act as agents for domestic firms in the international arena.
Export Management Companies
Council of Supply Chain Management
ROA
Customer (7 R's of logistics)
8. 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
Common Culture
Inventory
Major categories of metrics
Strategic Role of I.T.
9. Producer to Store - servicing the customer
TMS
Supply Chain Network Issue
Possession Utility
Outbound
10. Marketing - Manufacturing/operations - Finance - Accounting
The Micro Dimension
Internal Society of Logistics
Outbound
Order Cycle Time
11. Adding value to products by having them where people want them.
Collaborative Example
NAFTA
Strategic Role of I.T.
Place Utility Definition
12. Canada - China - Mexico
Major categories of metrics
Top US trading partners
CPFR
Possession Utility
13. Electrical Machinery - Power Generation Equipment.
Supply Chain Flows
Collaborative Example
Military Logistics
Top US imports from China
14. Efficiency (cost) and effectiveness (value). A challenge for SCs is the prevention of sub-optimization.
Collaborative Relationship
4PL
Cost/Value Issue
Categories of Logistics Quantification Pyramid
15. Cost - Insurance - and Freight
CIF
Major categories of metrics
Physical Distribution
Service Logistics
16. The ________ is associated with downstream activities.
Types of Forecasts
Supply Chain
Collaborative Example
Collaborative Relationship
17. Point-of-sale(POS); Collaborative planning - forecasting - and replenishment(CPFR); Vendor-managed inventory (VMI)
Organizational Consolidation Force
Utility(ies) associated with Logistics
Supply Chain Flows
Dimensions of customer service
18. Item Fill Rate - Line Fill Rate
Transportation Management Issue
FOB
Internal Metrics
Two Phases of order mgmt.
19. Free On Board
FOB
Government Regulations and Policy Force
CIF
Place Utility Definition
20. The most pervasive and important global shipment method. Low rates - wide variety of products
Component Support
Ocean
Transactional Relationship
Top US trading partners
21. Random Variation - Trend - Seasonal Patterns - Normal Business Cycle
Ocean
The Micro Dimension
Factors Affecting Demand
Strategic Relationship
22. Right: information - partner - quantity - format - time - place - cost
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23. Strategically positioning customers to improve the profitability of the organization and enhance its relationship with its customer base
CRM Customer Relationship Management
Organizational Consolidation Force
Forecast Errors
Outbound
24. Analyze and evaluate on organizations efficiency over a time period.
Utility(ies) associated with Production
Service Logistics
Performance Measurement Issue
Types of Forecasts
25. 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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26. Export goods and services to overseas buyers and handles most of the export arrangements.
S&OP
C-TPAT
Export Trading Companies
Logistics Management
27. Challenge is to evaluate and successfully implement the technology
Export Management Companies
Arm's Length
Utility(ies) associated with Marketing
Technology Issue
28. Reduced complexity - reduced product life cycle - more volatility - organizational structures frequently change.
Empowered Customer Force
Global Markets Characteristics
Collaborative Example
Freight Forwarder
29. Channel Satisfaction - Transaction Cost and Revenue - Logistics Operations - Logistics Service
Forecasting
FOB
ABC Activity-Based Costing
Categories of Logistics Quantification Pyramid
30. 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
Time Utility Definition
DRP
Strategic Relationship
31. Time - Quality - Cost - Supporting Metrics
Performance Categories
Organizational Relationships Issue
Types of 3PLs
4PL
32. 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
Complexity Issue
Strategic Role of I.T.
MRP
Business Logistics
33. 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.
Strategic Relationship
Service Logistics
Council of Supply Chain Management
CFR
34. How firms in this industry create value for their commercial clients
Motor
Third Party Logistics Industry
Supply Chain Flows
Forces Driving the Rate of Change
35. Form Utility
ROA
Time Utility Definition
Top US trading partners
Utility(ies) associated with Production
36. Cost and Freight
Utility(ies) associated with Marketing
Strategic Example
CFR
Logistics Management
37. Business Logistics - Military Logistics - Event Logistics - Service Logistics
Possession Utility
Four Subdivisions of Logistics
Ports
Service Logistics
38. Warehouse Management System
Four Subdivisions of Logistics
WMS
Transportation Management Issue
Forecasting
39. Increased complexity for organizations (from SKUs to trade regulations) is a problem. Organizations should simplify.
Complexity Issue
Global Markets Characteristics
Horizontal Relationships
Forecast Errors
40. Focuses on the outbound side of of a firm's logistics system.
Physical Distribution
DDP
Logistics Activities
Collaborative Relationship
41. Anything that touches the customer
R's of Information
Forecast Errors
Third Party Logistics Industry
Customer Service
42. North American Free Trade Agreement. Establishes free trade between US - Canada - and Mexico
Government Regulations and Policy Force
Two Phases of order mgmt.
Types of 3PLs
NAFTA
43. Providing time and place utility/value of materials and products in support of Functional management organization objectives.
Supply Chain Definition
Performance Measurement Issue
Component Support
3rd Party Logistics
44. Time Utility - Place Utility - Quantity Utility
CIF
Utility(ies) associated with Logistics
Information Requirements
Motor
45. Reliability - Responsiveness - Flexibility - Cost - Assets
Inbound
Major categories of metrics
Supply Chain Definition
Business Logistics
46. Acquisition - scheduling and management of the facilities/ assets - personnel and materials to support and sustain a service operation or business.
Internal Society of Logistics
ERP
Ports
Service Logistics
47. 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).
Air
Event Logistics
Technology Issue
Transactional Relationship
48. Order Fill Rate - Perfect Order
Top US trading partners
External Metrics
Technology Issue
CPFR
49. Collaborative Planning - Forecasting - and Replenishment
CPFR
CRM Customer Relationship Management
CFR
C-TPAT
50. Right product - right time - right quantity - right quality - right cost - right destination
Transactional Relationship
Time Utility Definition
Types of 3PLs
Transportation Management Issue