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. Customers trade partnership against terrorism






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. 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.






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






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






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






7. 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






8. The branch of military science having to do with procuring - maintaining - utility/value and transporting material - personnel - and facilities






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






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






11. Form - Time - Place - Quantity - Possession






12. 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






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






14. The ________ is associated with downstream activities.






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






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






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






18. Enterprise Resource Planning






19. Free Alongside Ship






20. Possession Utility






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






22. Reliability - Responsiveness - Flexibility - Cost - Assets






23. Procurement and Manufacturing - value adding activities






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






25. 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






26. 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.






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






28. Cost and Freight






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






30. Time - Dependability - Communications - Convenience






31. Order Fill Rate - Perfect Order






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






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






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






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






36. Measures cost and performance of activities.






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






38. Transportation Management System






39. Product/Service - Information - Finance






40. Distribution Requirement Planning






41. Sales and Order Processing






42. CFE - MSE - MAD - MAPE






43. Cost - Insurance - and Freight






44. Plays large part in intermodal shipments.






45. Fast - high rate






46. Item Fill Rate - Line Fill Rate






47. Procurement and Manufacturing - value adding activities






48. Organizations require collaboration or cooperation.






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






50. Materials Requirement Planning