Test your basic knowledge |

Business Logistics Management

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. Adding value to products by making them available when they're needed.






2. Getting the Right Things to the Right Place at the Right Time at the lowest cost.






3. The time that elapses from when a buyer places an order until receipt of the order






4. Primarily created through the basic marketing activities related to the promotion of products and services -






5. Measures cost and performance of activities.






6. Procurement and Manufacturing - value adding activities






7. Deregulation: Transportation - Communications - and Financial Institutions






8. The most pervasive and important global shipment method. Low rates - wide variety of products






9. Concern and potential challenge since 9/11. Must be prepared for terrorist attack.






10. Act as agents for domestic firms in the international arena.






11. Reduced complexity - reduced product life cycle - more volatility - organizational structures frequently change.






12. Right: information - partner - quantity - format - time - place - cost


13. Delivered Duty Paid






14. Efficiency (cost) and effectiveness (value). A challenge for SCs is the prevention of sub-optimization.






15. Enlightened - Educated - easy access to Internet






16. Represents an alternative that may imply even greater involvement than the partnership or strategic alliance






17. Electrical Machinery - Power Generation Equipment.






18. Warehouse Management System






19. The branch of military science having to do with procuring - maintaining - utility/value and transporting material - personnel - and facilities






20. Random Variation - Trend - Seasonal Patterns - Normal Business Cycle






21. North American Free Trade Agreement. Establishes free trade between US - Canada - and Mexico






22. 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.






23. An external supplier that performs all or part of a company's logistics functions.






24. Supplies expertise to international shippers. Consolidate small shipments. Derives income from fees for service.






25. Both parties in a vendor relational are said to be at "arm's" length.






26. Business agreements between firms that have "parallel" or cooperating positions in the logistics process.






27. 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






28. Increased complexity for organizations (from SKUs to trade regulations) is a problem. Organizations should simplify.






29. 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.






30. The management of the movement of materials and information within - into - and out of the firm






31. Refer to the traditional linkages between firms in the supply chain such as retailers - distributors - manufacturers - and parts and materials suppliers






32. Critical part of global supply chains






33. Electrical Machinery - Power Generation Equipment






34. Focuses on the outbound side of of a firm's logistics system.






35. Enterprise Resource Planning






36. Challenge is to evaluate and successfully implement the technology






37. Management of Product/Service - Information - and Cash Flows.






38. 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






39. Form - Time - Place - Quantity - Possession






40. Two or more business orgs cooperate and willingly modify their business objectives and practices to help achieve long-term goals.






41. Management of materials in motion and at rest.






42. Reliability - Responsiveness - Flexibility - Cost - Assets






43. Collaborative Planning - Forecasting - and Replenishment






44. Product/Service - Information - Finance






45. Right product - right time - right quantity - right quality - right cost - right destination






46. Marketing - Manufacturing/operations - Finance - Accounting






47. Free Alongside Ship






48. Channel Satisfaction - Transaction Cost and Revenue - Logistics Operations - Logistics Service






49. Value added by delivering the proper amount of a good.






50. 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).