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. Marketing - Manufacturing/operations - Finance - Accounting






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






3. Influencing the order - order execution






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






5. Management of materials in motion and at rest.






6. Organizations require collaboration or cooperation.






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






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






9. Electrical Machinery - Power Generation Equipment.






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






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






12. 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






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






14. Procurement and Manufacturing - value adding activities






15. Order Fill Rate - Perfect Order






16. Vendor

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






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






19. Free Alongside Ship






20. Possession Utility






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






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






23. 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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24. Collaborative Planning - Forecasting - and Replenishment






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






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






27. 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.






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






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






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






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






32. Reliability - Responsiveness - Flexibility - Cost - Assets






33. Cost - Insurance - and Freight






34. Processes for developing and implementing successful relationship






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






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






37. Distribution Requirement Planning






38. Transportation Management System






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






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






41. Strategic Alliance






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






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






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






45. Partner






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

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47. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






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






49. The management of the movement of materials and information within - into - and out of the firm






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