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






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






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






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






5. Influencing the order - order execution






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






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






8. 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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9. Marketing - Manufacturing/operations - Finance - Accounting






10. 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.






11. Reliability - Responsiveness - Flexibility - Cost - Assets






12. Possession Utility






13. Organizations require collaboration or cooperation.






14. 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.






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






16. Processes for developing and implementing successful relationship






17. Form Utility






18. Anything that touches the customer






19. Free On Board






20. 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






21. Time - Dependability - Communications - Convenience






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






23. Measures cost and performance of activities.






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






25. Management of materials in motion and at rest.






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






27. Delivered Duty Paid






28. 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).






29. Item Fill Rate - Line Fill Rate






30. Transportation Management System






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






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






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






34. Time Utility - Place Utility - Quantity Utility






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






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






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






38. 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






39. Business Logistics - Military Logistics - Event Logistics - Service Logistics






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






41. Influences product availability






42. Procurement and Manufacturing - value adding activities






43. Vendor

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






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






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






47. Cost and Freight






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






49. Cost - Insurance - and Freight






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