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






2. 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






3. Network of activities - facilities and personnel required to organize - schedule and deploy the resources for an even to take place and to effectively withdraw after the even (ex: Superbowl).






4. Time - Dependability - Communications - Convenience






5. 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






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






7. Influences product availability






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






9. Product/Service - Information - Finance






10. The ________ is associated with downstream activities.






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






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






13. Transportation Management System






14. Partner






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






16. Collaborative Planning - Forecasting - and Replenishment






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






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






19. Time Utility - Place Utility - Quantity Utility






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






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






22. Form - Time - Place - Quantity - Possession






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






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






25. Possession Utility






26. Return on Assets.






27. Vendor

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28. Procurement and Manufacturing - value adding activities






29. Challenge is to evaluate and successfully implement the technology






30. Cost and Freight






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






32. Processes for developing and implementing successful relationship






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






34. Plays large part in intermodal shipments.






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






36. Anything that touches the customer






37. Fast - high rate






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






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






40. 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.






41. Sales and Order Processing






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






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






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






45. Management of materials in motion and at rest.






46. Free Alongside Ship






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






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






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






50. Distribution Requirement Planning