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. Processes for developing and implementing successful relationship






2. Time - Dependability - Communications - Convenience






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






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






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






6. Time Utility - Place Utility - Quantity Utility






7. The ________ is associated with downstream activities.






8. Customers trade partnership against terrorism






9. Strategic Alliance






10. Sales and Order Processing






11. Fast - high rate






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






13. Reliability - Responsiveness - Flexibility - Cost - Assets






14. Marketing - Manufacturing/operations - Finance - Accounting






15. Collaborative Planning - Forecasting - and Replenishment






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. Transportation Management System






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






19. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






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






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






22. Time - Quality - Cost - Supporting Metrics






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






24. Order Fill Rate - Perfect Order






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






26. Form Utility






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






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






29. Influencing the order - order execution






30. Free Alongside Ship






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






32. Management of materials in motion and at rest.






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






34. Partner






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






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






37. Free On Board






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






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






40. Influences product availability






41. 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






42. Primarily created through the basic marketing activities related to the promotion of products and services -






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






44. 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.






45. Materials Requirement Planning






46. Enterprise Resource Planning






47. Vendor

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48. Relevant - Accurate - Accessible - Timely - Transferable






49. Producer to Store - servicing the customer






50. Canada - China - Mexico