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. 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).






2. Organizations require collaboration or cooperation.






3. 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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4. Fast - high rate






5. Return on Assets.






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






7. Time - Quality - Cost - Supporting Metrics






8. Relevant - Accurate - Accessible - Timely - Transferable






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






10. 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.






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






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






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






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






15. Management of materials in motion and at rest.






16. Vendor

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17. Acquisition - scheduling and management of the facilities/ assets - personnel and materials to support and sustain a service operation or business.






18. 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.






19. Customers trade partnership against terrorism






20. Item Fill Rate - Line Fill Rate






21. Deregulation: Transportation - Communications - and Financial Institutions






22. Partner






23. Sales and Order Processing






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






25. The ________ is associated with downstream activities.






26. Anything that touches the customer






27. Collaborative Planning - Forecasting - and Replenishment






28. Delivered Duty Paid






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






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






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






32. 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






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






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






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






36. 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






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






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






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






40. Measures cost and performance of activities.






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






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






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






44. Form Utility






45. Materials Requirement Planning






46. Time Utility - Place Utility - Quantity Utility






47. Electrical Machinery - Power Generation Equipment.






48. Product/Service - Information - Finance






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






50. Distribution Requirement Planning