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. Influences product availability






3. Order Fill Rate - Perfect Order






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






5. 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.






6. Coordination and Integration can reduce the inventory level on horizontal and vertical levels in the SC. (the bullwhip effect [when inventory is duplicated])






7. 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






8. Return on Assets.






9. Reliability - Responsiveness - Flexibility - Cost - Assets






10. Product/Service - Information - Finance






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






12. Vendor

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13. Materials Requirement Planning






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






15. Anything that touches the customer






16. 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.






17. Plays large part in intermodal shipments.






18. The ________ is associated with downstream activities.






19. Time Utility - Place Utility - Quantity Utility






20. Challenge is to evaluate and successfully implement the technology






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






22. Cost and Freight






23. Free Alongside Ship






24. Adding value to products by having them where people want them.






25. Collaborative Planning - Forecasting - and Replenishment






26. External - Balancing - Price & Lead Time - Internal - Internal Balancing & Inventory/Production flexibility






27. Sales and Order Processing






28. 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






29. Procurement and Manufacturing - value adding activities






30. 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.






31. The network facilities and supporting transportation is important. It must be capable and able to respond to change in the marketplace.






32. Transportation - Warehousing and storage - Industrial packaging - Materials handling - Inventory control - Order fulfillment - Demand forecasting - Production planning/scheduling - Procurement - Customer service - Facility location - Return goods han






33. Business Logistics - Military Logistics - Event Logistics - Service Logistics






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






35. Time - Quality - Cost - Supporting Metrics






36. Value added to goods through a manufacturing or assembly process.






37. Cost - Insurance - and Freight






38. Customers trade partnership against terrorism






39. Time - Dependability - Communications - Convenience






40. Influencing the order - order execution






41. 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






42. Procurement and Manufacturing - value adding activities






43. The dual flow of Product/Services - Information - and Finances across the suppliers - distributors - manufacturers - wholesalers - and customers.






44. Form - Time - Place - Quantity - Possession






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






46. Deregulation: Transportation - Communications - and Financial Institutions






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

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48. Export goods and services to overseas buyers and handles most of the export arrangements.






49. Management of materials in motion and at rest.






50. Acquisition - scheduling and management of the facilities/ assets - personnel and materials to support and sustain a service operation or business.