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. Fast - high rate






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






3. Cost - Insurance - and Freight






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






5. Anything that touches the customer






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

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






8. Time - Dependability - Communications - Convenience






9. Vendor

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10. Item Fill Rate - Line Fill Rate






11. Return on Assets.






12. Product/Service - Information - Finance






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






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






15. Influences product availability






16. Free Alongside Ship






17. Enterprise Resource Planning






18. 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






19. 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






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






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






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






23. Form - Time - Place - Quantity - Possession






24. Order Fill Rate - Perfect Order






25. Procurement and Manufacturing - value adding activities






26. Challenge is to evaluate and successfully implement the technology






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






28. Organizations require collaboration or cooperation.






29. Sales and Order Processing






30. Business Logistics - Military Logistics - Event Logistics - Service Logistics






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






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






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






34. Cost and Freight






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






36. Customers trade partnership against terrorism






37. Procurement and Manufacturing - value adding activities






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






39. Plays large part in intermodal shipments.






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






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






42. Partner






43. External - Balancing - Price & Lead Time - Internal - Internal Balancing & Inventory/Production flexibility






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






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






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






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






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