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. Enlightened - Educated - easy access to Internet






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






3. Plays large part in intermodal shipments.






4. Product/Service - Information - Finance






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






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






7. Processes for developing and implementing successful relationship






8. Partner






9. 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






10. Warehouse Management System






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






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


13. Possession Utility






14. Transportation Management System






15. 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






16. Anything that touches the customer






17. Organizations require collaboration or cooperation.






18. Electrical Machinery - Power Generation Equipment.






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






20. Distribution Requirement Planning






21. Business Logistics - Military Logistics - Event Logistics - Service Logistics






22. Critical part of global supply chains






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






24. Time - Quality - Cost - Supporting Metrics






25. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






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






27. Enterprise Resource Planning






28. Return on Assets.






29. Time Utility - Place Utility - Quantity Utility






30. Free Alongside Ship






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






32. The ________ is associated with downstream activities.






33. Procurement and Manufacturing - value adding activities






34. Management of materials in motion and at rest.






35. Strategic Alliance






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






37. Procurement and Manufacturing - value adding activities






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






39. Sales and Order Processing






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






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






42. Materials Requirement Planning






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






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






45. Free On Board






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






47. Influences product availability






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






49. 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






50. Fast - high rate