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. Time Utility - Place Utility - Quantity Utility






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






3. Time - Dependability - Communications - Convenience






4. Distribution Requirement Planning






5. Measures cost and performance of activities.






6. 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).






7. Materials Requirement Planning






8. Free Alongside Ship






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






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






11. The branch of military science having to do with procuring - maintaining - utility/value and transporting material - personnel - and facilities






12. 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






13. Procurement and Manufacturing - value adding activities






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






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






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






17. Strategic Alliance






18. Influences product availability






19. Fast - high rate






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






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






22. Free On Board






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


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






25. Cost and Freight






26. 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






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






28. Customers trade partnership against terrorism






29. Enterprise Resource Planning






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






31. Relevant - Accurate - Accessible - Timely - Transferable






32. Form - Time - Place - Quantity - Possession






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






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






35. Electrical Machinery - Power Generation Equipment






36. Vendor


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






38. Organizations require collaboration or cooperation.






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






40. 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.






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






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






43. Business Logistics - Military Logistics - Event Logistics - Service Logistics






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






45. Form Utility






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






47. Time - Quality - Cost - Supporting Metrics






48. Management of materials in motion and at rest.






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






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