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






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






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






4. Form - Time - Place - Quantity - Possession






5. Warehouse Management System






6. Influences product availability






7. 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.






8. Cost - Insurance - and Freight






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






10. Reliability - Responsiveness - Flexibility - Cost - Assets






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






12. Electrical Machinery - Power Generation Equipment.






13. Collaborative Planning - Forecasting - and Replenishment






14. Organizations require collaboration or cooperation.






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






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






17. Plays large part in intermodal shipments.






18. Item Fill Rate - Line Fill Rate






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






20. Time - Dependability - Communications - Convenience






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






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






23. 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.






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






25. CFE - MSE - MAD - MAPE






26. Electrical Machinery - Power Generation Equipment






27. Cost and Freight






28. Analyze and evaluate on organizations efficiency over a time period.






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






30. Fast - high rate






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






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






33. The ________ is associated with downstream activities.






34. 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.






35. Order Fill Rate - Perfect Order






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






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






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






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






40. Anything that touches the customer






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






42. Delivered Duty Paid






43. Free On Board






44. Possession Utility






45. Influencing the order - order execution






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






47. Procurement and Manufacturing - value adding activities






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






49. Producer to Store - servicing the customer






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

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