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. 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






2. The ________ is associated with downstream activities.






3. Return on Assets.






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






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






6. 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.






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






8. Enlightened - Educated - easy access to Internet






9. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






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






11. Processes for developing and implementing successful relationship






12. Fast - high rate






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






14. 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






15. Order Fill Rate - Perfect Order






16. Electrical Machinery - Power Generation Equipment.






17. Sales and Order Processing






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






19. 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






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






21. Procurement and Manufacturing - value adding activities






22. Networks - Complexity - Inventory Deployment - Information - Cost/Value - Organizational Relationships - Performance Measurement - Technology - Transportation Management - Supply Chain Security






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






24. Free On Board






25. Deregulation: Transportation - Communications - and Financial Institutions






26. Reliability - Responsiveness - Flexibility - Cost - Assets






27. Electrical Machinery - Power Generation Equipment






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






29. Possession Utility






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






31. Enterprise Resource Planning






32. North American Free Trade Agreement. Establishes free trade between US - Canada - and Mexico






33. 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).






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






35. Management of materials in motion and at rest.






36. Warehouse Management System






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






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






39. Providing time and place utility/value of materials and products in support of Functional management organization objectives.






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






41. Challenge is to evaluate and successfully implement the technology






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






43. Anything that touches the customer






44. Free Alongside Ship






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






46. Marketing - Manufacturing/operations - Finance - Accounting






47. Act as agents for domestic firms in the international arena.






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






49. Collaborative Planning - Forecasting - and Replenishment






50. Form - Time - Place - Quantity - Possession