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






2. Sales and Order Processing






3. Free On Board






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






5. Networks - Complexity - Inventory Deployment - Information - Cost/Value - Organizational Relationships - Performance Measurement - Technology - Transportation Management - Supply Chain Security






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






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






8. Vendor

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






10. Challenge is to evaluate and successfully implement the technology






11. 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






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






13. Influencing the order - order execution






14. Enterprise Resource Planning






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






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






17. Electrical Machinery - Power Generation Equipment






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






19. Canada - China - Mexico






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






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






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






23. Time - Dependability - Communications - Convenience






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






25. Order Fill Rate - Perfect Order






26. 24/7 connection. Fast - accessible - consumers become aware of shipping cycles.






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






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






29. Marketing - Manufacturing/operations - Finance - Accounting






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






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






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






33. Influences product availability






34. Procurement and Manufacturing - value adding activities






35. Business Logistics - Military Logistics - Event Logistics - Service Logistics






36. Materials Requirement Planning






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






38. Procurement and Manufacturing - value adding activities






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






40. Cost and Freight






41. Cost - Insurance - and Freight






42. Organizations require collaboration or cooperation.






43. 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.






44. Partner






45. Warehouse Management System






46. Time Utility - Place Utility - Quantity Utility






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






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






49. 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.






50. Real and recognized benefits to all members - Dynamic creation - measurement - and evolution of collaborative partnerships - Co-buyer and co-seller relationships - Flexibility and security - Collaboration across all stages of business process integ