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. Warehouse Management System






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






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






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






5. Business Logistics - Military Logistics - Event Logistics - Service Logistics






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






7. Delivered Duty Paid






8. Challenge is to evaluate and successfully implement the technology






9. Time - Dependability - Communications - Convenience






10. Collaborative Planning - Forecasting - and Replenishment






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






12. Procurement and Manufacturing - value adding activities






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






14. Fast - high rate






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






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






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






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






19. 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






20. 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.






21. Form - Time - Place - Quantity - Possession






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






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






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






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






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






27. Vendor

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28. Materials Requirement Planning






29. 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






30. Cost - Insurance - and Freight






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






32. Free Alongside Ship






33. Time Utility - Place Utility - Quantity Utility






34. Item Fill Rate - Line Fill Rate






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

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36. Order Fill Rate - Perfect Order






37. Electrical Machinery - Power Generation Equipment.






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






39. Reliability - Responsiveness - Flexibility - Cost - Assets






40. 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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41. Represents an alternative that may imply even greater involvement than the partnership or strategic alliance






42. 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






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






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






45. Critical part of global supply chains






46. Deregulation: Transportation - Communications - and Financial Institutions






47. 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.






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






49. Processes for developing and implementing successful relationship






50. Product/Service - Information - Finance