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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. Cost and Freight
FAS
Common Culture
CFR
Possession Utility
2. The dual flow of Product/Services - Information - and Finances across the suppliers - distributors - manufacturers - wholesalers - and customers.
Performance Categories
Integrated Supply Chain
Order Cycle Time
The Micro Dimension
3. Two or more business orgs cooperate and willingly modify their business objectives and practices to help achieve long-term goals.
Collaborative Relationship
MRP
Empowered Customer Force
C-TPAT
4. The most pervasive and important global shipment method. Low rates - wide variety of products
Export Trading Companies
Collaborative Example
C-TPAT
Ocean
5. Right: information - partner - quantity - format - time - place - cost
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6. The branch of military science having to do with procuring - maintaining - utility/value and transporting material - personnel - and facilities
Internal Society of Logistics
C-TPAT
S&OP
Order Cycle Time
7. Processes for developing and implementing successful relationship
Collaborative Example
Outbound
Supply Chain Relationship
Quantity Utility Definition
8. Globalization - Technology - Organizational Consolidation - Empowered Customer - Government Policy and Regulation
Physical Distribution
Government Regulations and Policy Force
Forces Driving the Rate of Change
Logistics Management
9. Reduced complexity - reduced product life cycle - more volatility - organizational structures frequently change.
Utility(ies) associated with Production
Global Markets Characteristics
Event Logistics
Types of 3PLs
10. Acquisition - scheduling and management of the facilities/ assets - personnel and materials to support and sustain a service operation or business.
DRP
Service Logistics
Order Cycle Time
Types of 3PLs
11. Growth to a global or worldwide scale. Important Issues in a SC: More volatile supply and demand - shorter product lifetimes - blurring of organizational boundaries.
ABC Activity-Based Costing
Globalization Force
Ports
Transactional Relationship
12. The ________ is associated with downstream activities.
Service Logistics
Supply Chain
4PL
Types of 3PLs
13. Influencing the order - order execution
Inbound
Dimensions of customer service
Two Phases of order mgmt.
Organizational Consolidation Force
14. Coordination and Integration can reduce the inventory level on horizontal and vertical levels in the SC. (the bullwhip effect [when inventory is duplicated])
Types of Forecasts
Vertical Relationship
FOB
Inventory Deployment Issue
15. Time Utility - Place Utility - Quantity Utility
Utility(ies) associated with Logistics
Types of Forecasts
Organizational Consolidation Force
Forecast Errors
16. Influences product availability
Possession Utility
R's of Information
Order Cycle Time
Vertical Relationship
17. Warehouse Management System
Strategic Role of I.T.
4PL
WMS
Forecasting
18. Item Fill Rate - Line Fill Rate
Strategic Role of I.T.
Internal Metrics
Military Logistics
Transportation Management Issue
19. Order Fill Rate - Perfect Order
External Metrics
Types of 3PLs
CRM Customer Relationship Management
Motor
20. Free Alongside Ship
FAS
C-TPAT
Four Subdivisions of Logistics
Technology Force
21. Sales and Order Processing
Component Support
Immutable Laws of Collaborative Logistics
S&OP
Form Utility Definition
22. Supplies expertise to international shippers. Consolidate small shipments. Derives income from fees for service.
Freight Forwarder
WMS
Supply Chain Network Issue
Physical Distribution
23. Reliability - Responsiveness - Flexibility - Cost - Assets
Export Trading Companies
Major categories of metrics
Logistics Management
Organizational Relationships Issue
24. 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
Government Regulations and Policy Force
Customer (7 R's of logistics)
Component Support
25. Possession Utility
Global Markets Characteristics
Internal Society of Logistics
Supply Chain Issues
Utility(ies) associated with Marketing
26. Providing time and place utility/value of materials and products in support of Functional management organization objectives.
Component Support
FOB
Supply Chain Security Issue
Types of 3PLs
27. Challenge is to evaluate and successfully implement the technology
3rd Party Logistics
Technology Issue
Transportation Management Issue
Empowered Customer Force
28. Segment Customer Base - Identify the product service package - Develop and execute the best procedures - measure performance continuously
CIF
Steps in implementing CRM
External Metrics
Government Regulations and Policy Force
29. 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
Event Logistics
Outbound
Forecasting
Immutable Laws of Collaborative Logistics
30. Primarily created through the basic marketing activities related to the promotion of products and services -
Transactional Relationship
Possession Utility
Organizational Relationships Issue
Quantity Utility Definition
31. The time that elapses from when a buyer places an order until receipt of the order
Order Cycle Time
Performance Measurement Issue
Supply Chain Definition
Major categories of metrics
32. Strategic Alliance
Strategic Example
ABC Activity-Based Costing
Ports
The Micro Dimension
33. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.
NAFTA
Arm's Length
Utility(ies) associated with Logistics
Technology Force
34. Plays large part in intermodal shipments.
Immutable Laws of Collaborative Logistics
C-TPAT
Motor
Organizational Relationships Issue
35. External - Balancing - Price & Lead Time - Internal - Internal Balancing & Inventory/Production flexibility
C-TPAT
Balancing Supply/Demand
Forecasting
Form Utility Definition
36. 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.
DRP
FAS
Information Issue
Strategic Role of I.T.
37. CFE - MSE - MAD - MAPE
Top US imports from China
CIF
Forecast Errors
Third Party Logistics Industry
38. Time - Quality - Cost - Supporting Metrics
Inventory Deployment Issue
Performance Categories
Component Support
Customer (7 R's of logistics)
39. Anything that touches the customer
Global Markets Characteristics
Customer Service
FOB
Possession Utility
40. Getting the Right Things to the Right Place at the Right Time at the lowest cost.
Vertical Relationship
Service Logistics
Logistics
Top US imports from China
41. 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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42. Form Utility
Inventory
Organizational Relationships Issue
Physical Distribution
Utility(ies) associated with Production
43. Enterprise Resource Planning
Major categories of metrics
Air
ERP
Business Logistics
44. Return on Assets.
ROA
Form Utility Definition
Value Added Role of Logistics (5 types of utility)
Export Management Companies
45. Materials Requirement Planning
Value Added Role of Logistics (5 types of utility)
Quantity Utility Definition
Export Management Companies
MRP
46. Delivered Duty Paid
WMS
Event Logistics
DDP
CIF
47. The management of the movement of materials and information within - into - and out of the firm
Form Utility Definition
ROA
Logistics Management
Arm's Length
48. Both parties in a vendor relational are said to be at "arm's" length.
Inventory
Transactional Relationship
Strategic Role of I.T.
C-TPAT
49. Enlightened - Educated - easy access to Internet
DRP
Supply Chain Flows
Empowered Customer Force
Council of Supply Chain Management
50. Deregulation: Transportation - Communications - and Financial Institutions
C-TPAT
Government Regulations and Policy Force
TMS
MRP