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






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






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






4. 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






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






6. Time - Quality - Cost - Supporting Metrics






7. Customers trade partnership against terrorism






8. Relevant - Accurate - Accessible - Timely - Transferable






9. Processes for developing and implementing successful relationship






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






11. Cost - Insurance - and Freight






12. 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






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






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






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






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






17. 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






18. 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.






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






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






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

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22. Organizations require collaboration or cooperation.






23. Transportation Management System






24. Time - Dependability - Communications - Convenience






25. Electrical Machinery - Power Generation Equipment.






26. Item Fill Rate - Line Fill Rate






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






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






30. Business Logistics - Military Logistics - Event Logistics - Service Logistics






31. Product/Service - Information - Finance






32. Fast - high rate






33. CFE - MSE - MAD - MAPE






34. Warehouse Management System






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






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






37. Challenge is to evaluate and successfully implement the technology






38. Partner






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






40. 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






41. Electrical Machinery - Power Generation Equipment






42. Procurement and Manufacturing - value adding activities






43. Delivered Duty Paid






44. 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).






45. Vendor

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46. Management of materials in motion and at rest.






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






48. Order Fill Rate - Perfect Order






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






50. Strategic Alliance