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. Order Fill Rate - Perfect Order






2. 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.






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






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






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






6. Materials Requirement Planning






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






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






9. Vendor

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10. Influences product availability






11. Fast - high rate






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






13. Possession Utility






14. Critical part of global supply chains






15. Business Logistics - Military Logistics - Event Logistics - Service Logistics






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






17. Warehouse Management System






18. Plays large part in intermodal shipments.






19. Sales and Order Processing






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






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






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






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






24. Marketing - Manufacturing/operations - Finance - Accounting






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






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






27. Electrical Machinery - Power Generation Equipment






28. Free Alongside Ship






29. Transportation Management System






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






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






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






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






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






35. Distribution Requirement Planning






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






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






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






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






40. 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.






41. Collaborative Planning - Forecasting - and Replenishment






42. Influencing the order - order execution






43. Time - Quality - Cost - Supporting Metrics






44. Partner






45. Management of materials in motion and at rest.






46. Procurement and Manufacturing - value adding activities






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






48. Product/Service - Information - Finance






49. Time - Dependability - Communications - Convenience






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