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. Reliability - Responsiveness - Flexibility - Cost - Assets






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






3. Fast - high rate






4. 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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5. Form - Time - Place - Quantity - Possession






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






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






8. Challenge is to evaluate and successfully implement the technology






9. Influences product availability






10. Cost and Freight






11. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






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






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






14. Influencing the order - order execution






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






16. Measures cost and performance of activities.






17. Vendor

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18. 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.






19. Procurement and Manufacturing - value adding activities






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






21. Transportation Management System






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






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






24. Relevant - Accurate - Accessible - Timely - Transferable






25. Deregulation: Transportation - Communications - and Financial Institutions






26. Enlightened - Educated - easy access to Internet






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






28. 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






29. Organizations require collaboration or cooperation.






30. Time Utility - Place Utility - Quantity Utility






31. Time - Quality - Cost - Supporting Metrics






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






33. Form Utility






34. Producer to Store - servicing the customer






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






36. Partner






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






38. Canada - China - Mexico






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






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






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






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






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






44. 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






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






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






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






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






49. Possession Utility






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