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. Time Utility - Place Utility - Quantity Utility






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






3. Influencing the order - order execution






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






5. 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.






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






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

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8. 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






9. Business Logistics - Military Logistics - Event Logistics - Service Logistics






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






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






12. Enlightened - Educated - easy access to Internet






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






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






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






16. Segment Customer Base - Identify the product service package - Develop and execute the best procedures - measure performance continuously






17. Procurement and Manufacturing - value adding activities






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






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






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






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






22. Challenge is to evaluate and successfully implement the technology






23. Canada - China - Mexico






24. Anything that touches the customer






25. Transportation Management System






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






27. Product/Service - Information - Finance






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






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






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






31. Procurement and Manufacturing - value adding activities






32. Simple moving average - Weighted Moving average - Exponential Smoothing - Adjusted Exponential Smoothing for Trend - Seasonal Influences






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






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






35. Cost - Insurance - and Freight






36. Critical part of global supply chains






37. Materials Requirement Planning






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






39. Reliability - Responsiveness - Flexibility - Cost - Assets






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






41. Vendor

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42. Influences product availability






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






45. 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.






46. Producer to Store - servicing the customer






47. Networks - Complexity - Inventory Deployment - Information - Cost/Value - Organizational Relationships - Performance Measurement - Technology - Transportation Management - Supply Chain Security






48. Globalization - Technology - Organizational Consolidation - Empowered Customer - Government Policy and Regulation






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






50. Form - Time - Place - Quantity - Possession