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






2. Time - Quality - Cost - Supporting Metrics






3. Time Utility - Place Utility - Quantity Utility






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


5. The process of planning - implementing - and controlling the efficient - effective flow and storage of goods - services - and related information from the point of origin to the point of consumption for the purpose of conforming to customer requ






6. Plays large part in intermodal shipments.






7. Producer to Store - servicing the customer






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






9. 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






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






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






12. The ________ is associated with downstream activities.






13. Product/Service - Information - Finance






14. Possession Utility






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






16. Reliability - Responsiveness - Flexibility - Cost - Assets






17. Deregulation: Transportation - Communications - and Financial Institutions






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






19. Fast - high rate






20. Warehouse Management System






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






22. Procurement and Manufacturing - value adding activities






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






24. Electrical Machinery - Power Generation Equipment






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






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






27. Relevant - Accurate - Accessible - Timely - Transferable






28. Canada - China - Mexico






29. 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






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






31. Management of materials in motion and at rest.






32. Cost and Freight






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






34. Item Fill Rate - Line Fill Rate






35. Materials Requirement Planning






36. Challenge is to evaluate and successfully implement the technology






37. Distribution Requirement Planning






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






39. Form Utility






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






41. Transportation Management System






42. Vendor


43. Measures cost and performance of activities.






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






45. Partner






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






47. Influences product availability






48. Sales and Order Processing






49. Business Logistics - Military Logistics - Event Logistics - Service Logistics






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