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. Challenge is to evaluate and successfully implement the technology






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






3. Strategic Alliance






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






5. Transportation Management System






6. Producer to Store - servicing the customer






7. Electrical Machinery - Power Generation Equipment.






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






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






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






11. The management of the movement of materials and information within - into - and out of the firm






12. Order Fill Rate - Perfect Order






13. Processes for developing and implementing successful relationship






14. Warehouse Management System






15. Measures cost and performance of activities.






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






17. Return on Assets.






18. Influences product availability






19. Plays large part in intermodal shipments.






20. Partner






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






22. Possession Utility






23. Electrical Machinery - Power Generation Equipment






24. Customers trade partnership against terrorism






25. Simple moving average - Weighted Moving average - Exponential Smoothing - Adjusted Exponential Smoothing for Trend - Seasonal Influences






26. Enterprise Resource Planning






27. Business agreements between firms that have "parallel" or cooperating positions in the logistics process.






28. Organizations require collaboration or cooperation.






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






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






31. 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.






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

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






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






35. Free On Board






36. Critical part of global supply chains






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






38. Influencing the order - order execution






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






40. Procurement and Manufacturing - value adding activities






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






42. 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






43. 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.






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






45. Management of materials in motion and at rest.






46. Collaborative Planning - Forecasting - and Replenishment






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






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






49. Anything that touches the customer






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