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. Anything that touches the customer






2. 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.






3. Transportation Management System






4. Item Fill Rate - Line Fill Rate






5. Cost - Insurance - and Freight






6. The ________ is associated with downstream activities.






7. Reliability - Responsiveness - Flexibility - Cost - Assets






8. Canada - China - Mexico






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






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






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






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






13. Form Utility






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






15. CFE - MSE - MAD - MAPE






16. Business Logistics - Military Logistics - Event Logistics - Service Logistics






17. Influences product availability






18. Vendor

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






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






21. Management of materials in motion and at rest.






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






23. 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).






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






25. ISs lead to the collection and storage of vast amounts of data and help lead to better decision making - but many companies are not taking advantage of it.






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

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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. Sales and Order Processing






29. Relevant - Accurate - Accessible - Timely - Transferable






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






31. Free Alongside Ship






32. Free On Board






33. 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






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






35. Return on Assets.






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






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






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






39. Distribution Requirement Planning






40. Customers trade partnership against terrorism






41. Form - Time - Place - Quantity - Possession






42. Time Utility - Place Utility - Quantity Utility






43. Measures cost and performance of activities.






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






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






46. Analyze and evaluate on organizations efficiency over a time period.






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






48. Time - Dependability - Communications - Convenience






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






50. Materials Requirement Planning