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. Strategic Alliance






2. 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.






3. Cost - Insurance - and Freight






4. Procurement and Manufacturing - value adding activities






5. The ________ is associated with downstream activities.






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






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






8. 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






9. Marketing - Manufacturing/operations - Finance - Accounting






10. Warehouse Management System






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






12. Form Utility






13. Partner






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






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






16. 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).






17. Cost and Freight






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






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






20. Order Fill Rate - Perfect Order






21. Collaborative Planning - Forecasting - and Replenishment






22. Materials Requirement Planning






23. 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






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






25. Time Utility - Place Utility - Quantity Utility






26. Vendor


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






28. Product/Service - Information - Finance






29. Delivered Duty Paid






30. Measures cost and performance of activities.






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






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






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






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






35. Time - Dependability - Communications - Convenience






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


37. Anything that touches the customer






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






39. 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.






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






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






42. Sales and Order Processing






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. The design and integration of all aspects of support for the operational capability of the military forces and their equipment to ensure readiness - reliability and efficiency.






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






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






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






48. Relevant - Accurate - Accessible - Timely - Transferable






49. Producer to Store - servicing the customer






50. Management of materials in motion and at rest.