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






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






3. Possession Utility






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






5. Delivered Duty Paid






6. Time Utility - Place Utility - Quantity Utility






7. 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






8. Supplies expertise to international shippers. Consolidate small shipments. Derives income from fees for service.






9. CFE - MSE - MAD - MAPE






10. Acquisition - scheduling and management of the facilities/ assets - personnel and materials to support and sustain a service operation or business.






11. Form Utility






12. Time - Dependability - Communications - Convenience






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






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






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






16. Canada - China - Mexico






17. Enlightened - Educated - easy access to Internet






18. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






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






20. Warehouse Management System






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






22. Marketing - Manufacturing/operations - Finance - Accounting






23. Collaborative Planning - Forecasting - and Replenishment






24. 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






25. Free Alongside Ship






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






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






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






29. Management of materials in motion and at rest.






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






31. Influencing the order - order execution






32. Relevant - Accurate - Accessible - Timely - Transferable






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






35. Product/Service - Information - Finance






36. Producer to Store - servicing the customer






37. Challenge is to evaluate and successfully implement the technology






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






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






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

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






44. Measures cost and performance of activities.






45. Processes for developing and implementing successful relationship






46. 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.






47. Cost - Insurance - and Freight






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






49. Critical part of global supply chains






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