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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. Influencing the order - order execution






2. 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.






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






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






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






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






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






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






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






10. Procurement and Manufacturing - value adding activities






11. Producer to Store - servicing the customer






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






13. Form - Time - Place - Quantity - Possession






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






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






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






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






18. Possession Utility






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






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






21. Relevant - Accurate - Accessible - Timely - Transferable






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






23. Time - Dependability - Communications - Convenience






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






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






26. 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.






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






28. 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






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






30. Influences product availability






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






32. Enterprise Resource Planning






33. Item Fill Rate - Line Fill Rate






34. Sales and Order Processing






35. Reliability - Responsiveness - Flexibility - Cost - Assets






36. Delivered Duty Paid






37. Plays large part in intermodal shipments.






38. Collaborative Planning - Forecasting - and Replenishment






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






40. 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






41. 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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42. Warehouse Management System






43. CFE - MSE - MAD - MAPE






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






45. Business Logistics - Military Logistics - Event Logistics - Service Logistics






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






47. Form Utility






48. Partner






49. Critical part of global supply chains






50. Time - Quality - Cost - Supporting Metrics







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