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. Reliability - Responsiveness - Flexibility - Cost - Assets






2. Getting the right product - to the right customer - in the right quantity - in the right condition - at the right place - at the right time - and at the right cost.

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3. Item Fill Rate - Line Fill Rate






4. Measures cost and performance of activities.






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






6. Canada - China - Mexico






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






8. Critical part of global supply chains






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






10. Marketing - Manufacturing/operations - Finance - Accounting






11. Time Utility - Place Utility - Quantity Utility






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






13. Electrical Machinery - Power Generation Equipment.






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. Random Variation - Trend - Seasonal Patterns - Normal Business Cycle






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






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






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






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






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






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






22. 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.






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






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






25. Order Fill Rate - Perfect Order






26. Transportation Management System






27. Form Utility






28. Deregulation: Transportation - Communications - and Financial Institutions






29. Enlightened - Educated - easy access to Internet






30. 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






31. 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).






32. Processes for developing and implementing successful relationship






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






34. Influences product availability






35. Influencing the order - order execution






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






37. Collaborative Planning - Forecasting - and Replenishment






38. Return on Assets.






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






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






41. Producer to Store - servicing the customer






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






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






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






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






46. The ________ is associated with downstream activities.






47. Free Alongside Ship






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






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






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