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






2. Strategically positioning customers to improve the profitability of the organization and enhance its relationship with its customer base






3. Procurement and Manufacturing - value adding activities






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






5. Point-of-sale(POS); Collaborative planning - forecasting - and replenishment(CPFR); Vendor-managed inventory (VMI)






6. Item Fill Rate - Line Fill Rate






7. Form - Time - Place - Quantity - Possession






8. Warehouse Management System






9. Critical part of global supply chains






10. Providing time and place utility/value of materials and products in support of Functional management organization objectives.






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






12. 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.






13. Enlightened - Educated - easy access to Internet






14. Time - Quality - Cost - Supporting Metrics






15. Form Utility






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






17. Time - Dependability - Communications - Convenience






18. How firms in this industry create value for their commercial clients






19. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






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






21. Producer to Store - servicing the customer






22. Partner






23. Sales and Order Processing






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






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






26. Reliability - Responsiveness - Flexibility - Cost - Assets






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






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






29. Strategic Alliance






30. Growth to a global or worldwide scale. Important Issues in a SC: More volatile supply and demand - shorter product lifetimes - blurring of organizational boundaries.






31. Return on Assets.






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






33. Processes for developing and implementing successful relationship






34. Cost and Freight






35. Customers trade partnership against terrorism






36. Materials Requirement Planning






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






38. Transportation Management System






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






40. Transportation-based - Warehouse/distribution-based - Forwarder-based - Shipper/management-based - Financial-based - Information-based firms






41. Anything that touches the customer






42. Product/Service - Information - Finance






43. The ________ is associated with downstream activities.






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






45. Time Utility - Place Utility - Quantity Utility






46. Canada - China - Mexico






47. 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.






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






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