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






2. 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






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






4. Marketing - Manufacturing/operations - Finance - Accounting






5. Strategic Alliance






6. Customers trade partnership against terrorism






7. Deregulation: Transportation - Communications - and Financial Institutions






8. Partner






9. Electrical Machinery - Power Generation Equipment






10. Cost - Insurance - and Freight






11. Delivered Duty Paid






12. 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).






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






14. Vendor

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

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






17. Order Fill Rate - Perfect Order






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






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






20. Distribution Requirement Planning






21. Item Fill Rate - Line Fill Rate






22. Enterprise Resource Planning






23. Form - Time - Place - Quantity - Possession






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






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






26. The network facilities and supporting transportation is important. It must be capable and able to respond to change in the marketplace.






27. Getting the Right Things to the Right Place at the Right Time at the lowest cost.






28. 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






29. Producer to Store - servicing the customer






30. Materials Requirement Planning






31. Critical part of global supply chains






32. Electrical Machinery - Power Generation Equipment.






33. 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.






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






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






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






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






38. Reliability - Responsiveness - Flexibility - Cost - Assets






39. Time - Quality - Cost - Supporting Metrics






40. Warehouse Management System






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






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






43. Procurement and Manufacturing - value adding activities






44. 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.






45. Canada - China - Mexico






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






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






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






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






50. Fast - high rate