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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. Marketing - Manufacturing/operations - Finance - Accounting
Business Logistics
The Micro Dimension
Logistics Activities
Outbound
2. Coordination and Integration can reduce the inventory level on horizontal and vertical levels in the SC. (the bullwhip effect [when inventory is duplicated])
Air
Inventory Deployment Issue
Information Issue
Strategic Example
3. CFE - MSE - MAD - MAPE
Government Regulations and Policy Force
Utility(ies) associated with Logistics
Supply Chain
Forecast Errors
4. Value added to goods through a manufacturing or assembly process.
ABC Activity-Based Costing
Supply Chain Relationship
Steps in implementing CRM
Form Utility Definition
5. The ________ is associated with downstream activities.
Categories of Logistics Quantification Pyramid
Supply Chain
Types of 3PLs
Order Cycle Time
6. Partner
Collaborative Example
Military Logistics
Balancing Supply/Demand
TMS
7. North American Free Trade Agreement. Establishes free trade between US - Canada - and Mexico
NAFTA
Vertical Relationship
Arm's Length
FOB
8. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.
Strategic Example
Inventory
S&OP
Technology Force
9. Increased complexity for organizations (from SKUs to trade regulations) is a problem. Organizations should simplify.
Quantity Utility Definition
Integrated Supply Chain
Information Issue
Complexity Issue
10. 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
Third Party Logistics Industry
Export Management Companies
Order Cycle Time
11. Transportation-based - Warehouse/distribution-based - Forwarder-based - Shipper/management-based - Financial-based - Information-based firms
Supply Chain Relationship
Time Utility Definition
Ocean
Types of 3PLs
12. Point-of-sale(POS); Collaborative planning - forecasting - and replenishment(CPFR); Vendor-managed inventory (VMI)
Cost/Value Issue
Internal Society of Logistics
Inventory Deployment Issue
Organizational Consolidation Force
13. Adding value to products by making them available when they're needed.
Time Utility Definition
Possession Utility
Complexity Issue
Supply Chain Relationship
14. Customers trade partnership against terrorism
Business Logistics
Globalization Force
C-TPAT
Utility(ies) associated with Marketing
15. Represents an alternative that may imply even greater involvement than the partnership or strategic alliance
Strategic Relationship
Inventory
Vertical Relationship
CPFR
16. Channel Satisfaction - Transaction Cost and Revenue - Logistics Operations - Logistics Service
Categories of Logistics Quantification Pyramid
CPFR
Types of Forecasts
Form Utility Definition
17. Warehouse Management System
Export Management Companies
Strategic Relationship
WMS
Forecast Errors
18. An external supplier that performs all or part of a company's logistics functions.
R's of Information
Outbound
3rd Party Logistics
4PL
19. Networks - Complexity - Inventory Deployment - Information - Cost/Value - Organizational Relationships - Performance Measurement - Technology - Transportation Management - Supply Chain Security
Two Phases of order mgmt.
Supply Chain Issues
FOB
Utility(ies) associated with Production
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
Common Culture
Technology Force
Forecasting
Business Logistics
21. Both parties in a vendor relational are said to be at "arm's" length.
Transactional Relationship
Outbound
Globalization Force
CFR
22. Anything that touches the customer
TMS
Customer Service
Vertical Relationship
Inbound
23. Deregulation: Transportation - Communications - and Financial Institutions
Government Regulations and Policy Force
Steps in implementing CRM
Utility(ies) associated with Marketing
Strategic Example
24. Procurement and Manufacturing - value adding activities
Forecasting
Strategic Role of I.T.
Component Support
Export Trading Companies
25. Segment Customer Base - Identify the product service package - Develop and execute the best procedures - measure performance continuously
Motor
Steps in implementing CRM
Internal Metrics
Forecasting
26. Challenge is to evaluate and successfully implement the technology
Technology Issue
Military Logistics
Order Cycle Time
Organizational Relationships Issue
27. Business Logistics - Military Logistics - Event Logistics - Service Logistics
Four Subdivisions of Logistics
Supply Chain Flows
Business Logistics
Collaborative Relationship
28. Adding value to products by having them where people want them.
Order Cycle Time
Information Requirements
Place Utility Definition
S&OP
29. Globalization - Technology - Organizational Consolidation - Empowered Customer - Government Policy and Regulation
Forces Driving the Rate of Change
Logistics Activities
Horizontal Relationships
Empowered Customer Force
30. Distribution Requirement Planning
Organizational Consolidation Force
Supply Chain
DRP
Supply Chain Flows
31. Free Alongside Ship
CIF
Integrated Supply Chain
Ocean
FAS
32. Influences product availability
Logistics Management
Categories of Logistics Quantification Pyramid
CFR
Order Cycle Time
33. External - Balancing - Price & Lead Time - Internal - Internal Balancing & Inventory/Production flexibility
Business Logistics
Outbound
Organizational Relationships Issue
Balancing Supply/Demand
34. Delivered Duty Paid
CIF
Immutable Laws of Collaborative Logistics
Utility(ies) associated with Marketing
DDP
35. Reduced complexity - reduced product life cycle - more volatility - organizational structures frequently change.
Time Utility Definition
DRP
Immutable Laws of Collaborative Logistics
Global Markets Characteristics
36. Random Variation - Trend - Seasonal Patterns - Normal Business Cycle
DRP
Outbound
Factors Affecting Demand
Cost/Value Issue
37. Item Fill Rate - Line Fill Rate
Event Logistics
Logistics Activities
Internal Metrics
Types of Forecasts
38. Form - Time - Place - Quantity - Possession
C-TPAT
Top US trading partners
Value Added Role of Logistics (5 types of utility)
Types of 3PLs
39. The branch of military science having to do with procuring - maintaining - utility/value and transporting material - personnel - and facilities
DRP
Supply Chain
TMS
Internal Society of Logistics
40. Efficiency (cost) and effectiveness (value). A challenge for SCs is the prevention of sub-optimization.
Freight Forwarder
Performance Categories
Outbound
Cost/Value Issue
41. Form Utility
ROA
Strategic Relationship
Supply Chain Definition
Utility(ies) associated with Production
42. Relevant - Accurate - Accessible - Timely - Transferable
Outbound
Global Markets Characteristics
MRP
Information Requirements
43. Plays large part in intermodal shipments.
Four Subdivisions of Logistics
Balancing Supply/Demand
Motor
Customer (7 R's of logistics)
44. 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.
Four Subdivisions of Logistics
Arm's Length
Supply Chain Network Issue
Military Logistics
45. Two or more business orgs cooperate and willingly modify their business objectives and practices to help achieve long-term goals.
Export Trading Companies
Collaborative Relationship
Steps in implementing CRM
Supply Chain Definition
46. Growth to a global or worldwide scale. Important Issues in a SC: More volatile supply and demand - shorter product lifetimes - blurring of organizational boundaries.
CRM Customer Relationship Management
Globalization Force
Top US exports to China
TMS
47. Procurement and Manufacturing - value adding activities
Inbound
Time Utility Definition
DDP
3rd Party Logistics
48. Acquisition - scheduling and management of the facilities/ assets - personnel and materials to support and sustain a service operation or business.
Outbound
Service Logistics
Forecasting
Transportation Management Issue
49. Canada - China - Mexico
Ports
Transactional Relationship
Form Utility Definition
Top US trading partners
50. Transportation Management System
Steps in implementing CRM
CIF
Ocean
TMS