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. 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.






2. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






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






4. Free On Board






5. Cost and Freight






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






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






8. 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.






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






10. 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






11. 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






12. Possession Utility






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






14. Electrical Machinery - Power Generation Equipment.






15. Order Fill Rate - Perfect Order






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






17. Vendor

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






19. The process of planning - implementing - and controlling the efficient - effective flow and storage of goods - services - and related information from the point of origin to the point of consumption for the purpose of conforming to customer requ






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






21. Form Utility






22. Procurement and Manufacturing - value adding activities






23. Organizations require collaboration or cooperation.






24. Sales and Order Processing






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






26. Time - Dependability - Communications - Convenience






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






28. Cost - Insurance - and Freight






29. Transportation Management System






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






31. Influencing the order - order execution






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






33. Enterprise Resource Planning






34. Materials Requirement Planning






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






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

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






38. Plays large part in intermodal shipments.






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






41. Procurement and Manufacturing - value adding activities






42. Producer to Store - servicing the customer






43. 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






44. Delivered Duty Paid






45. Value added to goods through a manufacturing or assembly process.






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






47. Processes for developing and implementing successful relationship






48. Influences product availability






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






50. Fast - high rate